Can a perfectly competitive firm make an economic profit in the short run? Can it incur an economic loss?
What will be an ideal response?
In the short run, a perfectly competitive firm can make an economic profit or incur an economic loss. Indeed, the firm also can make a normal profit in the short run. Basically, any profit or loss outcome is possible in the short run.
Economics
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An increase in the price of cameras results in a decrease in the demand for film. The two products are
a. complements. b. unrelated. c. defective d. substitutes
Economics
Everything else being constant, a lower real interest rate
A) increases desired saving and net exports. B) decreases desired saving but increases net exports. C) increases desired saving and investment. D) increases desired investment but decreases net exports.
Economics