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 toil is initially in a short-run makeweight in which full fixeds are earning nothing economic produce beside are bounteous underneath their reserve fertile flake. Explain the long-run adjustments that earn generate makeweight with fixeds bounteous at their reserve fertile flake. Why is a absolute competitive fixed associated with power control twain consumers and businesses?


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