Based on your answer in 1.2.1, identify two key features of long run equilibriumand determine the price associated with this period
Question
Solution 1
I'm sorry, but you didn't provide the answer in 1.2.1. However, I can explain the two key features of long-run equilibrium in general and how to determine the price.
- Zero Economic Profit: In the long run, firms will enter or exit the market until they are making zero economic profit. This means Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
Similar Questions
Based on your answer in 1.2.1, identify two key features of long run equilibriumand determine the price associated with this period
Long-run equilibrium price is known as: A. Market price B. Reserve price C. Normal price D. Support price
Choose the relevant time period If firms can neither enter nor leave an industry. Short run Intermediate run Long run Immediate run
Identify Key Zones: Use historical price data to identify areas where the price has consistently found support or resistance.
Describe why a simple business plan is important and identify its two main features.