Business, 02.10.2019 03:30 Ruijinzhang7686

Acourt ruling against the wrongful dismissal of employees is a development in the component of the general

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Business, 22.06.2019 00:50

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Business, 22.06.2019 19:20

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Business, 22.06.2019 21:10

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.

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