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Why do firms in perfect competition earn normal profit in the long run

In the long run, all factors of production are variable. Also, two of the assumptions of firms in perfect competition are free entry and exit, as well as perfect resource mobility.

In the...

AA
Answered by Adriel A. Economics tutor
103291 Views

Why does the temperature of a body stay constant during a change of state?

In order to answer this question it is important to remember that an atom has energy in two forms: kinetic (energy that allows the atom to move) and potential (energy that is stored in the bonds betwee...

AB
Answered by Arthur B. Physics tutor
4179 Views

What is a semantic field?

Semantic (or sometimes called lexical) fields are a technique often used by writers to keep a certain image persistent in their readers' mind. They are a collection of words which are related to one an...

DC
140285 Views

What's the difference between sarcasm and irony?

Sarcasm and irony are very popular tones used in many and all forms of literary texts, yet there is a lot of confusion as to which is which - however the distinction between the two is actually quite e...

DC
Answered by Dana C. English tutor
29198 Views

How do I solve the equation "2cos(x) = sin(2x), for 0 ≤ x ≤ 3π"?

The key to solving this equation is realizing that sin(2x) can be written in terms of sin(x) and cos(x) using a double-angle formula. (With trigonometric problems similar to this one, you...

SR
Answered by Sanveer R. Maths tutor
33001 Views

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