(Answered) 1 describe the characteristics of a competitive market2

Management Studies

1. Describe the characteristics of a competitive market.

2. Explain how we can derive a supply curve.

3. Explain why competitive market earning zero economic profit in the long-run.

4. Explain how firms in the competitive market find the quantity that will maximize their profit.

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92495619
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

What are the characteristics of bakery industry how

What are the characteristics of bakery industry? How competitive is the landscape, etc? Any mega trends affecting the bakery industry which will affect how the BreadTalk competes?

Why do organizations so frequently overlook the on-boarding

Why do organizations so frequently overlook the on-boarding of new employees?

Mary kate is a project manager in the it department for a

Mary Kate is a project manager in the IT department for a university. She has been asked to manage a project to create faculty intranet. The university has multiple campuses in various locations, and professors and other ...

You are a contracts administrator for a contractor one of

You are a Contracts Administrator for a Contractor. One of your engineering managers found an inconsistency in the specification on a FFP solicitation (i.e., pre-award). He said the worst case could be a $3M loss for def ...

How can text effects such as wordart add to or detract from

How can text effects, such as WordArt, add to or detract from the overall message a presentation is trying to convey?

Usg corporation is a major manufacturer of mold-resistant

USG Corporation is a major manufacturer of mold-resistant building materials. The company's flagship product is Sheetrockc Brand Humitekc Gypsum Panels, which can be installed on wall or ceiling interiors in order to min ...

Identify five sources of information that needs to be

Identify five sources of information that needs to be gathered to allow you to monitor whether or not each service has been properly delivered.

If someone is known to have been dishonest about one thing

If someone is known to have been dishonest about one thing, should we automatically be suspicious of his or her honesty regarding other things?

Discuss some issues challenges andor trends within the

Discuss some issues, challenges, and/or trends within the transportation and logistics field.

What would be an appropriate exit strategy for a social

What would be an appropriate "Exit Strategy" for a Social Media Consulting Service adventure using a business finance method?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert