A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits but are operating below their minimum efficient scale Custom Essay

A wholly competitive activity is initially in a short-run makeweight in which entire steadfasts are earning naught economic avail excepting are easy adown their insufficiency fertile lamina. Explain the long-run adjustments that obtain invent makeweight with steadfasts easy at their insufficiency fertile lamina. Why is a indeficient competitive steadfast associated with aptitude for twain consumers and businesses?


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