Perfectly competitive firm that makes economic loses in the short run must cease its operations. do you agree? Expalin using illustrations

Q: What is the meaning of ‘acceptable loss’ for a perfectly competitive firm ? Draw a graph and…

A: In a perfectly competitive market, there will be a large number of sellers, which means that a…

Q: Use the values for a perfectly competitive firm below to answer the questions: Fixed Variable Cost…

A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…

Q: must a perfectly competitive industry be in the long run equilibrium if a perfectly competitive firm…

A: The perfectly competitive firm are price takers who accept the industry price. No single firm has…

Q: rm

A: The short run supply curve In a perfectly competitive market is the curve of marginal cost being at…

Q: At what point does a firm in a perfectly competitive industry shut down? Explain with graph.

A: In a perfectly competitive industry, at the profit maximizing level of output, when the market price…

Q: What is the meaning of ‘acceptable loss’ for a perfectly competitive firm ? Draw a graph and…

A:

Q: Under perfect competition, firms profit in the long run will be:- (1) normal profit (2) abnormal…

A: # Perfect competition is a market structure where large number of buyers and sellers are there.  The…

Q: If you are the manager of a perfectly competitive firm that is making a loss (TR < TC), would you…

A: Any manager worth his salt would aspire to maximize profits and minimize losses.  When the total…

Q: Use the values for a perfectly competitive firm below to answer the questions: Price Quantity $10…

A: For a perfectly competitive firm, price is $10, Quantity is 2000, Total cost is $24,000, the Fixed…

Q: der perfect competition, firms profit in the long run will be abnormal profits.

A: A firm's profit is maximized profits in a perfectly competitive market Where marginal revenue (MR)…

Q: The diagram below, shows the cost structure for a firm in perfect competition. Assume that the…

A: The market price in a perfect competition market is 12. At this price, MC intersects ATC.  It…

Q: What are the three short-run outcomes in the perfect competition? When a firm takes the shut-down…

A: In a perfectly competitive market there are large number of firms producing similar and identical…

Q: Do you agree with the following statement and explain why! "A firm that operates in a perfectly…

A: Perfectly competitive market is a market where there are many buyers and sellers in the market…

Q: Graph represents the cost structure of an individual firm in a perfectly competitive market.…

A: Break even point is defined as the point where total costs of the firm is equal to the total revenue…

Q: Question 12 The possibility that a firm may earn losses raises a question. must the perfect…

A: The representation of perfect competition directs to a theoretical market structure. In a perfect…

Q: Show and explain how the short run supply curve of the perfectly competitive firm is derived.

A: in a perfectly competitive market there are large number of firms producing similar and identical…

Q: Explain Long run equilibrium for a perfect competition

A: The long-run equilibrium point for a perfectly competitive market is said to have occurred where the…

Q: A perfectly competitive firm showing a profit

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Explain why a perfectly competitive firm earns zero economic profits in the long run.

A: In an economy, different types of markets exist to make an exchange of different types of products.…

Q: Graph the following for a perfectly competitive firm: A graph showing the area of economic profit…

A: The perfect competitive market is the market with large number of buyers a seller with symmetric and…

Q: Under what conditions should a competitive firm shut down in the short run?

A: In the short term, a corporation that operates at a loss (where the income is less than the overall…

Q: Explain how the perfectly competitive firm decides whether to operate or shut down in the short run.

A: A perfectly competitive firm is a price taker and can sell any quantity of the commodity at the…

Q: In the short run, a perfectly competitive firm should continue to produce as long as it can cover…

A: In the short run, a perfectly competitive firm should continue production till price per unit is…

Q: unuou A tomato farmer operates in a perfectly competitive industry. Revenues are $2,000 a montn, toi…

A: Perfectly competitive market structure is the market structure in which there are large number of…

Q: Question 13 Which of the following is true for a perfectly competitive firm that maximizes profit?…

A: A perfectly competitive firm is the one that competes with many sellers of the homogenous good due…

Q: Price MC ATC 4 10 $8 每6 MR AVG 出4 $ 3 Quantity 10 20 30 40

A: In a perfectly competitive market, an optimal output for a firm is when it is producing at a level…

Q: Discuss the long-term effects in a perfectly competitive market if an existing firm is making…

A: A market is a place where the buyers and sellers interact with each other and the exchange of goods…

Q: When the perfectly competitive firm and industry are in long run equilibrium, then D - MP - SAC -LAC

A: To find : In perfect competition firma and industry are in long run equilibrium then what will be…

Q: Comment on the Demand curve of a firm operating in perfectly competitive market

A: Perfectly competitive market has many buyers and sellers and the good being sold is 100% homogenous…

Q: Explain why a perfectly competitive firm would or would not advertise.

A: Perfect competition refers to the type of market organization in which there are many buyers and…

Q: Identify a perfectly competitive firm

A: A perfectly Competetive firm is a price taker it means it has to accept the market prevailing price.…

Q: Explain why P=MC in the short run equilibrium of the perfectly competitive firm, whereas in long run…

A: Economic efficiency includes the allocative (P = MC) and productive (MC = AC) efficiencies. Both…

Q: Discuss the long-term effects in a perfectly competitive market if an existing firm is making…

A: In the long-run, all the firm in a perfectly competitive market earns positive economic profit…

Q: What is the meaning of ''acceptable loss'' for a perfectly competitive firm? Draw a graph and…

A: Acceptable loss means the loss which has to be accepted.This happens generally in perfectly…

Q: Graph the following for a perfectly competitive firm: A graph for short run economic loss for the…

A: In perfect competitive market, there are number of buyers and sellers, selling similar products.…

Q: In the long run, a perfectly competitive firm will earn a negative market return. a positive profit.…

A: A competitive market is characterized by a large number of buyers and sellers. The market price and…

Q: A perfectly competitive firm is making a loss if

A: We have to find a perfectly competitive firm is making a loss.

Q: In a perfectly competitive market ,why does the firm always break even in the long run ? Illustrate…

A: In perfect competition, in the very short run firms experience profits. However, new firms enter…

Q: If a perfectly competitive firm is incurring an economic loss, it ontinues to operate until either…

A: A choice to shut down implies that the firm is briefly suspending creation. It doesn't imply that…

Q: Explain how the perfectly competitive firm decides whether to operate or shutdown in the short run.

A: There are mainly two types of costs in the process of production.

Q: You're The Economist: Recession Takes a Bite Out of Gator Profits" in chapter 8. Assuming gator…

A: When demand decreases, market demand curve shifts leftward, decreasing market price (and quantity).…

Q: perfectly competitive firm incurs an economic loss, it should: a

A: ANSWER   a perfectly competitive firm incurs an economic loss, it should is

Q: Explain, with the aid of a graph, the short-run position of a perfectly competitive firm making…

A: In a circumstance of amazing contest, regardless of whether an organization acquires benefits or…

Q: Question When a perfectly competitive firm is at the profit maximizing output level what will be the…

A: Perfectly competitive market: In a perfectly competitive market structure, there exists a large…

Q: Hi there. Can you plesse assist with the following question below Explain, with the aid of a graph,…

A: A perfectly competitive firm maximizes profit by producing output at a level where price equals…

Q: Suppose that the perfectly competitive shrimp industry is in long-run equilibrium at a price of $3…

A: When the government report states that eating shrimp is bad for health, people will reduce their…

Q: In the figure provided below, which perfectly competitive firm (a, b or c) a. earns economics…

A: The total cost incurred by firms operating in a market includes fixed costs and variable costs.…

Q: Graph using MC and MR curves for a firm operating in a short-run perfect competition market to make…

A: Perfect competition is a competition that involves the presence of a large number of firms producing…