Why is it that firms can earn profits in the long run in monopoly and oligopoly but not in monopolistic competition and perfect competition?
1. Why is it that firms can earn profits in the long run in monopoly and oligopoly but not in monopolistic competition and perfect competition?
2, What can firms do in monopolistic competition or perfect competition to make the short run last as long as possible since they can only make profits in the short run? Have you observed any firms employ such tactics? Can you give some examples?
Based on the Case, “Ramada Demonstrates its Personal Best”, in Chapter 4, write a response in which you define business research, andBased on the Case, “Ramada Demonstrates i...
- What is the significance of the Pregnancy Discr...
- In actual practice, how well does the American ...
- Criminal Justice
- Gender Studies
- General Questions
- Health Care
- Political Science
- Religious Studies