Understand the profit-maximizing level of output in the long run.
-Why can there be excess profits in the short run but not in the long run?

Name: Understand the profit-maximizing level of output in the long run. -Why can there be excess profits in the short run but not in the long run?
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

The Answer of Understand the profit-maximizing level of output in the long run.
-Why can there be excess profits in the short run but not in the long run?

Understand the Profit-Maximizing Level of Output in the Long Run