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Question: Economists generally believe it is difficult to sustain profits in the long run under any market structure. However, the reasons for this may differ in different markets. In this context, write a short essay (two pages with references) that addresses the following:
1) What are economic profits?
2) Why do firms typically not earn economic profits in the long run?
3) What would allow a firm to earn economic profits in the long run? Give a real-world example.
4) As part of your essay also make sure to compare and contrast what generally happens to profits for the typical firm in the long run under the following three market structures: (1) perfect (or pure) competition, (2) monopolistic competition, and (3) pure monopoly.
a firm has the opportunity to invest in a project having an initial outlay of 20000. net cash inflows before
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prepare a three-page paper in apa style that describes explains addresses and answers the following.how has technology
A manufacturing rm spends $500,000 annually for a required safety inspection procedure on its production lines. A new monitoring technology would enable the company to eliminate the need for such inspection.
The IT industry is full of patents. There are some companies, referred to as patent trolls, whom purchase these patents in hopes of making money by enforcing patents against alleged infringers. Determine the impact of government regulation
A profitable company making earth-moving equipment is considering an investment of $100,000 on equipment, which will have a 5 year useful life and, no salvage value. If money is worth 10% which one of the following there methods of depreciation would..
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for a given nation suppose the following table shows the relationship between real consumption and real disposable
John would prefers a set of six pens to any other set of pens no matter how many pens it contains. Other than that John always prefers more pens to less, and is indifferent to the distribution of colours. Which of the axioms of consumer choice are..
As a college student you work at a part-time job, but your parents also send you a monthly "allowance." Suppose one month your parents forgot to send the check.
Write analysis of how Triple Bottom Line (TBL) creates challenges and conflicts in ONE area of spend in an organization. An area of spend may be an individual product or service or a category of spend (e.g. chemicals, gearboxes, professional services..
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