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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The scientists ensure that their results are reliable by repeating trials.
Given that scientists ensure that their results are reliable.
We are required to tell the way how scientists ensure that their results are reliable.
Reliability is basically defined as the probability that a product, system, or service will perform its intended function adequately for a specified period of time, or will operate in a defined environment without failure.
Reliability increases from repeating trials.It is like vaccines. Firstly the trials to be made on small number of persons, then the numbers increases and then ultimately the trials are done on the large number of persons.
Hence the scientists ensure that their results are reliable by repeating trials.
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Therapies aimed mainly at understanding one's thoughts, feelings, and behaviors are referred to as Cognitive behavioral therapy (CBT)
<h3>What is Therapy?</h3>
This refers to the treatment that is given to a person for a mental problem that stems from stress, abuse, etc.
Hence, we can see that based on the type of therapy that is used to understand the thoughts and feelings of a person in order to give them treatment is known as Cognitive behavioral therapy (CBT)
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