Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 07, 2024

The question below is based on Four Market Structures - Perfect Competition ; Monopolistic Competition ; Oligopoly ; Monopoly. Question: Why some firms might be

The question below is based onFour Market Structures - Perfect Competition ; Monopolistic Competition ; Oligopoly ; Monopoly.

Question: Why some firms might be able to continue to make an economic profit in the long-run?Discuss.

Kindly answer this question based on the four market structures please.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Worldly Philosophers The Lives, Times And Ideas Of The Great Economic Thinkers

Authors: Robert L Heilbroner

7th Edition

068486214X, 9780684862149

More Books

Students also viewed these Economics questions

Question

★★★★★

Go to www.phoenix.gov and do a search for the term "CAFR." Those results should lead to the latest CAFR for the City of Phoenix, Arizona. The financial statements for a state and local government...

Answered: 1 week ago

Question

★★★★★

Responsibility for analysis of performance. (20-30 minutes) KariAnna Nedregotten is the new corporate controller of a multinational company that has just overhauled its organisational structure. The...

Answered: 1 week ago

Question

★★★★★

Examine experimental, quasi-experimental, and single-case designs using a sample study and the criteria provided at the end of the chapter.

Answered: 1 week ago

Question

★★★★★

WJTY Company issued $300,000, 11%, 10-year bonds on January 1, 2012, for $318,694. This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable semiannually on July 1...

Answered: 1 week ago

Question

★★★★★

Why are banks like more (or less) important today?

Answered: 1 week ago

Question

★★★★★

The following are two independent situations. The underlined entity is the reporting entity. (Click the icon to view the situations.) Required a (i) Assuming that the reporting company prepares its...

Answered: 1 week ago

Question

★★★★★

Barilla Case: Which of the following contributed significantly to the weekly order fluctuation Barilla was experiencing? (Choose all that apply) Group of answer choices Lack of trust (history of...

Answered: 1 week ago

Question

★★★★★

7- Figure P6-28 shows a quick-return mechanism with dimensions. Calculate the velocities of points A, B, and C and the velocity of slip for the position shown. 2 = 10 rad/s CCW. L2-1.00 in L4 4.76...

Answered: 1 week ago

Question

★★★★★

Slugworth Candies, LLC, candy-making company that employs around 390 people. The company is composed of seven departments: Executive Staff (40), Human Relations (5), Finance and Accounting (10),...

Answered: 1 week ago

Question

★★★★★

A. Consider the case of a single mother with two children, who is trying to decide how many hours to work each month. Suppose, due to constraints such as child care, she is limited to working a...

Answered: 1 week ago

Question

★★★★★

HW Assignment #10 Fiscal Policy Calculate and graph what happens to G, AD, GDP, and Prices if the government increases government spending by 100 billion and the MPC : .80. Calculate and graph what...

Answered: 1 week ago

Question

★★★★★

complete any necessary ethical scrutiny processes required by your organisation and/or study centre.

Answered: 1 week ago

Question

★★★★★

identify and address ethical issues arising from your research and the research of others;

Answered: 1 week ago

Question

★★★★★

explain the development of national and international standards for HR practice;

Answered: 1 week ago

Previous Question Next Question