Use a Graph to Demonstrate the Circumstances That Would Prevail

question 253

Essay

Use a graph to demonstrate the circumstances that would prevail in a competitive market where firms are earning economic profits.Can this scenario be maintained in the long run
Carefully explain your answer.

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Definitions:

Transactional Analysis

A psychoanalytic theory and method of therapy wherein social transactions are analyzed to understand behavior.

Emotional Pattern

The recurring or habitual way in which a person experiences and expresses emotions in various situations.

Emotional Style

Refers to consistent ways in which individuals experience, express, and manage emotions.

Capitulating

Surrendering or giving in to an opponent or an argument after resisting.