Business
Business, 20.10.2019 14:30, Wolfgirl2032

The economic function of profits and losses is to

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Social Studies, 28.06.2019 08:00, morganpl415
Ths is a measure of currency used to repesent the real value or cost of any economic item and is of three function of money. it gives meaning to profits, losses, liability, or asset.
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Business, 31.07.2019 18:30, NerdyJason
Ga firm is operating in the united states with only two other competitors in the industry. a. it is likely this industry would be characterized as: perfectly competitive. monopolistically competitive. pure monopoly. oligopoly. b. firms in this industry will likely earn: a normal profit. an economic loss. an economic profit. c. if foreign firms begin supplying the product, increasing the number of competitors, it is likely that: normal profits will increase. economic profits will increase. economic losses will become smaller. economic profits will fall.
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Business, 12.08.2019 21:30, harlon852
Which of the following is true concerning purely competitive industries? (a) there will be economic losses in the long run because of cut-throat competition.(b) economic profits will persist in the long run if consumer demand is strong and stable.(c) in the short run, firms may incur economic losses or earn economic profits, but in the long run they earn normal profits.(d) there are economic profits in the long run but not in the short run.
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Business, 18.10.2019 06:30, talia43
Which of the following is true concerning purely competitive industries? a. there will be economic losses in the long run because of cut-throat competition. b. economic profits will persist in the long run if consumer demand is strong and stable. c. in the short run, firms may incur economic losses or earn economic profits, but in the long run they earn normal profits. d. there are economic profits in the long run, but not in the short run.
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