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Why is a perfectly competitive market always in break-even state in the Long Run?

I would firstly begin through making a reference to the assumptions of a perfectly competitive market and explaining how these assumptions help in deriving the graph. For instance, the fact that goods are...

US
Answered by Umang S. Economics tutor
6927 Views

How do time expressions work in Latin?

Time expressions use different cases in Latin.The accusative case is used to express a duration of time, for example, 'we worked for five hours' would use the accusative case (quinque horas).The ablative ...

AK
Answered by Annabella K. Latin tutor
8615 Views

Describe the flow of blood through the human circulation

Blood needs to circulate around the body in order to supply organs with nutrients and oxygen and to remove waste. Blood is oxygenated in small, one cell thick vessels in the lungs. These flow together to ...

AM
Answered by Antonia M. Biology tutor
2811 Views

Why did Hitler fail to invade Russia in 1941?

The short answer is that Hitler was unprepared to fight a long war in Russia during the mud season (Rasputitsa) and against a Russian people so zealous in their patriotism and belief in the red state. Hit...

WW
Answered by William W. History tutor
4290 Views

How does the first ionization enthalpy change down group 2?

First ionization enthalpy is the energy required to remove one electron from each atom in one mole of gaseous atoms, forming one mole of gaseous 1+ ions. The first ionization enthalpy is largely dependent...

MS
Answered by Matthew S. Chemistry tutor
1907 Views

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