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- How do I know this graph shows a firm that is perfectly competitive? Which curve tells me it is?The diagram below shows a perfectly competitive firm. What is the economic profit earned or loss incurred by the firm?Graph the following for a perfectly competitive firm: A graph for short run economic profit for the firm
- must a perfectly competitive industry be in the long run equilibrium if a perfectly competitive firm is in long run equilibrium? Explain and draw a graph to represent your answerGraphically depict a purely competitive firm in the short-run. You can have the firm making a profit or loss in the short-run. Brief explanation and graphs required.Can you create a graph showing perfect competition for grocery stores in a rural area ? And explain the graph?
- Graph the following for a perfectly competitive firm: A graph for long run – normal profit for the firm.Goldbar is an energy bar firm selling in a perfectly competitive market but is considering the impacts of changes. Imagine you are a loan agency and Goldbar executives came to you with the following request: "At Goldbar, we need $100,000, and we will use that money to advertise to increase demand for energy bars." Thoroughly analyze this quote using economic terms.Google search images and find the graphs for a perfectly competitive firm. Find the graph for short run economic loss for the firm. Find the graph for short run economic profit for the firm. Find the graph for long run – normal profit for the firm. Make sure the graphs show the area of economic profit or loss.
- Write down some examples of industries that are (close to) perfectly competitive. What attributes do they have to be considered perfectly competitive?What is the meaning of ''acceptable loss'' for a perfectly competitive firm? Draw a graph and explain. please more detail.Graph the following for a perfectly competitive firm: A graph for short run economic loss for the firm.