One assumption of the perfectly competitive model is free entry and exit. this assumption most directly leads to the implication that positive economic profit is only possible in the short run.
Profit is the difference between the return an economic agent earns from its output and the opportunity cost of its input. It equals total revenue minus total costs (including explicit and implicit costs).
Economic profit or loss is the difference between the revenue from the sale of output and the cost and opportunity cost of all inputs used. Opportunity cost and explicit cost are subtracted from earned revenue when calculating economic profit.
Learn more about economic profit here: brainly.com/question/24477585
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Hi,
The answer should be letter B, because it’s a dangerous lifestyle that increases the chances of death and as a consequence life insurance premiums will be lower.
Hope this helps!
She proclaimed a decree be made
This means that schizophrenia is genetic
<span> Feminism is both a theoretical perspective and a social movement.</span>
A third wave feminist most likely be concerned with the following gender-related issue: diversity. The third wave focuses on issues of diversity and the variety of identities women can possess, but also focuses on <span><span>the rights of women in all countries and with environmental and animal rights.
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