In perfectly competitive markets, firms in the market in the long-run, will earn zero economic profits.
<h3>What economic profits are earned in a perfectly competitive market?</h3>
In the short-run, there is a chance to earn a positive economic profit in a perfectly competitive market but this would then attract other companies into the market to make profits as well.
This then leads to the profits disappearing thanks to increased supply and lower prices. Companies would then leave and enter to either take advantage of profits or stop losses thereby keeping economic profits at zero in the long run.
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Answer:
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Explanation:
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The formula for perimeter of a square is 4l
I.e the addition of all its lengths
Since the perimeter is 100ft
Each length is 100/4
=25ft
It is illegal to drive a vehicle while under the influence of Alcohol.
<h3>Why it illegal to drive a
vehicle while under the influence of Alcohol?</h3>
It is illegal to drive a vehicle while under the influence of Alcohol because once you take alcohol, it will make someone to be nub , which can make him to loose concentration on the road.
This can cause serious accident to him and other road users, hence it is illegal so as to protect road user.
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