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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Humanity is said to be sum up in love. There are a lot of things, I want to do to help others. They include;
- Raise up some funds too help widows and widows.
- Sensitize the youth about leaving a life free from corruption and deceit.
- Help the less privilege in any capacity needed.
- Set up a foundation that helps to train people in some basic skills.
- Put the people and nations in my prayers.
- Voluntary in some community work.
- Set up pipe borne water for villages and communities that lacks access to clean water.
Helping others entail giving and volunteering your time, money, or energy to help others. It in one or different ways make the world and you better.
A lot of research has shown that by helping and giving back to the people, one extends their happiness, health, and well-being.
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An example of Elementary linear algebra 11th edition is given in the image attached.
<h3>What is elementary linear algebra?</h3>
Linear algebra is known to be a part of math work. It is known to be the most easiest form of upper-level math works example is abstract algebra.
Conclusively, using the image attached, the answer will be (x1, x2) = (–8, 3)
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Answer:
Astronomy is one of the oldest sciences
