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?
- Is political behavior essential in order to sur...
“Ways to determine Pay Increases for Employees” Hypothesis: Factors for determining pay increases varies from one job to another or varies between job positions in“Ways to determine Pay Increases for Empl...
- Describe how a functional tactic that a firm us...
- Criminal Justice
- Gender Studies
- General Questions
- Health Care
- Political Science
- Religious Studies