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Afina-wow [57]
2 years ago
9

A perfectly competitive firm earns a profit when price is

Business
1 answer:
Nonamiya [84]2 years ago
4 0

A  perfectly competitive firm earns a profit when price is above the average total cost.

A perfect competitive firm is a firm that operates in a perfectly competitive market. A perfectly competitive market is a market where the goods and services exchanged are homogenous. There is perfect information in this type of market.

In the long run, firms in a perfect competition earn only a normal profit. If in the short run, firms are earning economic profit, new firms would enter into the market. This would wipe out economic profit. In the short run, if an economic loss is been made, firms would leave the industry.

To learn more, please check: brainly.com/question/13761559

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Over the last two years, small businesses have taken to the electronic space as a means of expanding their businesses.

This e-commerce trend experienced an upward spike during the C-19 Pandemic. As businesses were forced to operate remotely, necessity which is the mother of invention, started to thinking of ways to restructure their businesses to operate more electronically using a wide array of online tools and technology.

In a recent survey, 10 out of 50 businesses said they were not reverting back to their former model of operations as they had realised that it was completely unnecessary.

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7 0
3 years ago
The PCAOB has the power to
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Answer:

A. inspect large firms annually

Explanation:

According to my research on Accounting Firms, I can say that based on the information provided within the question the PCAOB has the power to inspect large firms annually. The Public Company Accounting Oversight Board is in charge of overseeing the audits of public companies as well as other issuers.

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6 0
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A company must invest in project 1 in order to invest in project 2. Which of the following constraints ensures that project 1 wi
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Give an example of how businesses use demographic information ECONOMICS
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Businesses often segment the market based on key demographics such as age, gender, income level or marital status, but they also use more precisely defined categories to target specific groups.

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3 years ago
Three weeks ago, you purchased a July 45 put option on RPJ stock at an option price of $3.20. The market price of RPJ stock thre
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Answer:

$25

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