While a Firm in Long-Run Equilibrium Will Make Zero Economic

question 200

Short Answer

While a firm in long-run equilibrium will make zero economic profits,it is still possible for the firm to make ______________ profits.

Grasp the concepts related to the communication and acceptance of offers, including the mailbox rule.

Identify examples of lack of genuine assent in contract formation.

Understand the significance of consideration in contract formation and enforcement.

Understand the consequences of parental behavior and environment on children’s emotional and social development.