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.
Find out more on perfectly competitive markets at brainly.com/question/15712381
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We suggest starting to prep for the the SAT as early as eighth grade year. It sound early, but if a student plans on taking the SAT several times throughout high school, eighth graders can take a relaxed and long-view approach to prepping, and can plan on taking their first SAT sophomore year.
The correct answer is C
We are solving for C so we need to isolate C
Multiply 2 to both sides
2W = CV^2
Divide V^2
C = 2W/V^2
Considering the full question, Munnabhai miss to learn <u>Agile Phases</u>.
Given that Munnabhai could not recollect anything about short iterations in Agile Manifesto, it should be noted that iterations is part of <u>Agile Phases</u>.
<h3>What is Agile Phases?</h3>
Agile Phases is the term that is used to describe the stages or phases in which project is executed.
Agile Phases include the following phases:
- Concept,
- Inception,
- Iteration,
- Release,
- Maintenance,
- Retirement
Hence in this case, it is concluded that the correct answer is <u>Agile Phases.</u>
The full question is:
Munnabhai knows the four values of Agile Manifesto by heart. However, he was confused when a customer spoke with him, highlighting Agile characteristics of short software development cycles or iterations. He could not recollect anything about short iterations in the Agile Manifesto. What did he miss to learn about?
Learn more about <u>Agile Phases</u> here: brainly.com/question/23661838
58 percent because you divide 29 by fifty and you get the first 2 digits after the decimal.
