Use a Graph to Demonstrate the Circumstances That Would Prevail

question 35

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? Explain your answer.

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Definitions:

Stakeholders

Individuals or groups with an interest or concern in a business or project, including customers, employees, investors, and suppliers.

Assimilation Strategy

A method used by organizations to integrate individuals or groups into a prevailing culture or set of norms, often minimizing differences to create cohesion.

Corporate Cultures

The shared values, beliefs, and practices that characterize an organization and influence its members' behavior.

Bicultural Audit

A thorough examination that assesses how well an individual or organization navigates and integrates two distinct cultural identities or practices.