Question: How is it possible for perfectly competitive forms to maximize in the short run versus in the long run? Provide real life examples

How is it possible for perfectly competitive forms to maximize in the short run versus in the long run? Provide real life examples

Step by Step Solution

★★★★★

3.43 Rating (153 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

In the short maintain the quantity of organizations in the business is fixed that is inverse to the since quite a while ago run conditions where new organizations can enter or leave the market in the ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

How is it possible for an employee stock option

How is it possible for a company with positive retained earnings to be unable to pay a cash dividend?

Microeconomics question 1. Under what conditions should a competitive rm shut down in the short run? (15 points) 2. How does the demand curve for monopolist rms differ from the demand curves for rms...

1. Which statement would best represent normative economics? A. Every person should obtain as much as education as possible. B. Enforcing a price ceiling on rent may lead to a shortage. C. As the...

Consider the Solow growth model. Recall that upper-case variables denote aggregate variables and lower-case variables denote per worker (or per capita) variables. Capital is assumed to evolve...

This is Compensation subject. Please help me answer the following questions base on your understanding at the given infos. Questions: 1. Define Demand side of labor. (Base your answer in the given...

CASE STUDY ANALYSIS: BRANDING IS FOREVER: A framework for revitalizing, declining and dead brand 1) Summarize key trends in Branding 2) Identify the various alternative solutions that the companies...

QUESTIONS 1.What role do you believe that leadership plays in promoting sustainability? 2.Critically evaluate the impact sustainable leadership practices may have on the success of an organisation....

Part 1 (20 Points) Matriple Choice. Please select the best answer (2 points for each question) 1. The price elasticity of demand for a downward sloping straight line demand curve is: a. constant as...

The neutrons produced in fission reactors have a wide range of kinetic energies. After the neutrons make several collisions with atoms, they give up their excess kinetic energy and are left with the...

Using a contents search in IntelliConnects Standard Federal Tax Reporter: a. What is the title of I. R. C. 265? b. How many regulations exist related to 265? c. What is the paragraph number of the...

Which of the following statements are true? A fwed cost is constant if expressed on a per unit basis but the total dollar amount changes as the number of units increases or decreases. Fixed costs...

Superior Sanitiser is manufacturer and supplier of hand sanitisers. Due to the corona virus health crises there is a great demand for their products in the current marketplace. The glass bottles are...

Following the arrival of corona virus your firm needs to invest in updating its software and website. The new investments, expenses and payoffs, along with other financials, can be seen in the table...

A note dated October 1, 2013, calls for payment of $5000 in 5 years. On October 1, 2015, it is sold at a price that will yield the purchaser j 4 = 15%. How much is paid for the note?

A bond has a yield to maturity of 8.7 percent, a coupon of 7.5 percent paid semiannually, a $1,000 face value, and a maturity date 21 years from today. What is the current yield? A. 7.91 percent B....

You are required to assist Jabulani in writing up a suitable questionnaire to collect the required data from a sample of 40 persons. The data must provide clarity on the phone preference from the 6...

1. Does the decision-making process used to select the site for the luge track resemble more of a rational or non rational process? Explain. 2. Which of the seven evidence-based decision making...

E Test: Chapter 5 Test Question list 0 Question 1 0 Question 2 0 Question 3 0 Question 4 0 Question 5 0 Question 6 0 Question 7 0 Question 8 I? Find the anlidelivative utthe given derivative do (X +...

Most of the world's economic output is produced by China and Russia the U.S. and Japan the U.S. and the European Union China and Japan Russia and the European Union A multiple-choice question with...

P Chapter 1 Test - Google Chrome X mylab.pearson.com/Student/PlayerTestV2.aspx?testld=214981722¢erwin=yes Mktg716.06 Fall 2022 Nishan Powar 09/28/22 9:43 PM Test: Chapter 1 Test Question 1 of 25...

Problem 22-2 You are trying to decide whether to make an investment of $500 million in a new technology to produce Everlasting Gobstoppers. There is a 60% chance that the market for these candies...

New Psy M Inbc IMM Pola * Sea Pow | Brai Vie Vie | app|W Wo E Unt | Pre * Col P X C QUE B Mo + X -CD awww.mathxl.com/Student/PlayerTest.aspx i Apps M Gmail YouTube Maps PopBlock Plus Activ... @Home...