Respond to the following in a minimum of 175 words: How is it possible for perfectly competitive firms to maximize profit in the short run versus in the long run? Provide an example from your own work...

1 answer below »

Respond to the following in a minimum of 175 words:



  • How is it possible for perfectly competitive firms to maximize profit in the short run versus in the long run? Provide an example from your own work experience.



Please Note****** Please simply follow the instructions provided as this is only a weekly discussion topic for participation. No sources are needed. Again, this is just a weekly discussion board question.

Answered Same DayNov 15, 2021

Answer To: Respond to the following in a minimum of 175 words: How is it possible for perfectly competitive...

Sudipta answered on Nov 16 2021
129 Votes
2
Discussion post
The term perfectly competitive refers to when there are many buyers and sellers
present in a particular scenario. Organizations involved in such situations are considered as “perfectly competitive firms". Some of the major features of a perfectly competitive market are that all products or services are homogeneous, and firms...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here