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:

OLAP

Online Analytical Processing, a category of software tools that provides analysis of data stored in a database.

Data Warehouses

Centralized repositories for storing large volumes of data from various sources, structured for query and analysis, supporting business intelligence activities.

Data Marts

Specialized sections of a data warehouse focused on a particular subject or department within an organization, making it easier for users to access relevant information.

Intellectual Asset

Knowledge, information, or a creative expression that has value to an organization or individual, often protected by intellectual property rights.