Answer:C. competitive firms' profits are zero.
Step-by-step explanation: Perfect competition is the highest level of competition where the number of buyers and sellers are large,all firms are price takers,no government intervention,the products are homogeneous,no firm makes extraordinary profits, there is free entry and exit for buyers and sellers etc.
IN THE LONG RUN A PERFECTLY COMPETITIVE FIRM MAKES ZERO PROFITS.
Since you didn't offer potential answer choices, here's a sample answer which would work for this scenario. Using this, you can compare it to the choices that you have to make a decision.
Sample Answer:
Bob opened savings account with $200. Every week since, he has added $139 into it.
Answer:
2 YERAS AND 5 MONTHS
Step-by-step explanation:
90 = <u>910 X 4.1 X T </u>
100
90X100 = 3731 X T
9000 = 3731T
T = 2.4
2 YEARS AND .4X 12 = 5 MONTHS
IN 2 YEARS AND 5 MONTHS THE ACCOUNT WILL GROW TO $1,000
The answer for this question is C
The answer is
G=105. I know this because look at the picture lol. You're welcome though.
