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In long run equilibrium P equals minimum ATC equals MC what is the significance of the equality of P and minimum ATC for society?
There are only normal profits in the market, so no firms will enter or exit the market.
When something is neither growing nor shrinking.?
When something is neither growing nor shrinking, it is said to be in a state of equilibrium or stasis. This condition implies that the forces acting on it are balanced, resulting in a stable state where there is no net change over time. For example, in ecology, a population at carrying capacity experiences this balance, where birth and death rates are equal. Similarly, in economics, a market at equilibrium has supply equal to demand, leading to stable prices.
How come Puig fragrances are all over the parallel market?
Because of approving and authorizing illegal trade companies that they selected with payments undeclared to the government of Spain and France and they go after companies that they don't get paid directly in high places
What is the reason behind when the value of beta is taken negative?
The negative sign in beta represents the inverse relationship between the return on an asset and the return on the overall market. A negative beta suggests that the asset tends to move in the opposite direction of the market, indicating that it is likely to perform well when the market declines and vice versa. This negative correlation can be valuable for diversification purposes in a portfolio.
How much is 1 crore Indian rupee in usd?
As at 12:00 UTC on 6 July 2014, the mid market rate put INR 1 = USD 0.01673 At that rate, INR 1 crore would be worth USD 167,252.05 However, it is quite likely that the rate for large sums is different to the "normal" market rate.
Which of these is most likely to lead directly to a black market?
Rationing
What is most likely to lead directly to a black market?
rationing
What can lead directly to black market?
rationing
What is most likely to lead to a black market?
rationing
How does a price ceiling undermine the rationing function of market-determined prices?
A price ceiling will undermine the rationing function of market-determined prices by creating a shortage. This is a price which is below equilibrium which will lead to more demand that supply that will cause a shortage.
What is Market equilibrium?
Market equilibrium is this situation when market demand is equal of market supply
In a free competitive market what is the rationing mechanism?
Price is the rationing mechanism. Whoever can afford it, will by it.
Why will market equilibrium be re-established once disturbed?
It was found experimentally that Market has to re-establish Equilibrium via Market mechanism. Such that Market equilibrium is a desired status in the market where both suppliers and Consumers will tend re-establish market equilibrium (through demand & Supply) undeliberately.
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
Example of market equilibrium?
Market equilibrium is when the demand of the product and the supply of the product is equal. If either demand or supply changes, then the equilibrium adjusts.
Where is rationing a common form of distribution?
market based on competition
What is most closely related to the black market?
production A+
