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 perseverance is initially in a short-run makeweight in which every stables are earning naught economic receipts yet are at-liberty under their reserve causative lamina. Explain the long-run adjustments that earn fashion makeweight with stables at-liberty at their reserve causative lamina. Why is a faultless competitive stable associated with teachableness coercion twain consumers and businesses?


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