What can you expect from an industry in perfect competition in the long run?

What can you expect from an industry in perfect competition in the long run? What will the price be? What quantity will be produced? What will be the relation between marginal cost, average cost, and price? Assume that the market for illegal drugs is an example of a perfectly competitive market structure. Describe what the perfectly competitive market model predicts for illegal drugs in the long run. What is likely to be the impact of the U.S. government’s war on drugs in the short run? In the long run?

find the cost of your paper

determine values for K7 and K8.

Polyolefins such as polyethylene undergo slow degradation when placed in air. Degradation occurs by reactions with atmospheric oxygen that lead to the formation of carbonyl groups (groups containing oxygen), gradual….

State the differences in operation and application for junction transistors and MOSFETs.

1. State the differences in operation and application for junction transistors and MOSFETs. 2. We note in Section 12.5 (Figure 12.20) that in FeO (wüstite), the iron ions can exist in both….

Determine values of DT for aluminum, steel, aluminum oxide, soda–lime glass, polystyrene, and nylon 6,6 using the data in Table 19.1.

Nonsteady-state heat flow may be described by the following partial differential equation:     where DT is the thermal diffusivity; this expression is the thermal equivalent of Fick’s second law of diffusion….