Question

A simple answer and a graph for Short Run Profits and Short Run Losses please

Explain how perfectly competitive firms experiencing short run profits or losses eventually experience zero economic profit in the long run

Answer 1

The last one will be the right answer

Answer 2

Which of the following inequalities is equivalent to 1 ≥ x?

x ≥ 1

x ≤ -1

x ≥ -1

x ≤ 1

Step-by-step explanation: