Even complicated and confusing topics will be easily developed and covered if you request our help writing an essay. Place an order today!

Compose a 1250 words essay on Explain why perfectly competitive firms cannot make supernormal profits in the long run but monopolies can. Needs to be plagiarism free!

Producers are only interested of taking their cost and resources are easily mobilized. Thus it makes a perfect combination.

The most interesting part is that Perfect Competitive market has growth levels to improve their quality and revise their prices which make them vulnerable and devoted towards their product. This is observed and practice because a lot of firms comes in and introduce their new may be advanced product to customers and if you fail to offer something equivalent then customers simply turns their backs. These are some positive gestures which you receive from the market to improve further or bring something new to attract the customers. All conditions are to be fulfilled to make it a Perfect Competitive Market.

Monopolistic Market: It is a place where only one party holds the system and moulds it accordingly. There are several other problems that occur for consumers if the market is monopolistic like supply constraints are faced often and prices are fixed according to their will, mostly high and excessive barriers are being laid for new comers which is a hindrance in getting new offers and sufferers are only customers as they can’t help buying the product available. This type of markets are usually said to be in telecommunication or media industry sectors as they lay strong foundation by investing a huge amount which cannot be easily challenged. But they are bad for themselves in a way that they do not face competitor, which does not make them realize to go for innovations or advancements. The best example here is American Software Company known as Microsoft which ruled the software sector for decades because of its Windows Operating System. They were later challenged by Apple with extra ordinary efforts for which Apple waited for years and today it is in dominance. Remember efficiency is not the only factor affecting monopoly. Monopolies can still achieve a good profit ratio then Competitive markets in the long run.

This term can

testimonials icon
Surname1Student NameInstructors NameCourseDateSurname2BENEFIT-COST ANALYSIS OF UNDERGRADUATE EDUCATION PROGRAMS.Introduction.There are several underg...
testimonials icon
As the country focuses on the restructuring of the U.S. health care delivery system, nurses will continue to play an important role. It is expected...
testimonials icon
i have Manegerial accounting exam after 2 hours the exam will be in the class and i want help during the exam , i will send the questions during th...
testimonials icon
Complete the following homework scenario:Compare the results of the three (3) methods by quality of inform...
testimonials icon
1000-1500 words in length Due For the last essay, the focus is on what happened, what is happening or what will happen in regards to t...
testimonials icon
What I am looking for is a description, and a list of advantages and disadvantages of five different network topologies. You can use the table f...
testimonials icon
Running head: QUALITATIVE RESEARCH1Minimizing Participant Effects While Conducting Qualitative ResearchNameInstitution Affiliation:Date:QUALITATIVE R...
testimonials icon
Assignment 2 This is the Second Assignment.  This Assignment can be done in 4-5 pages.  Make sure it is double s...
testimonials icon
HCM 530: Term Paper Guidelines Health care is a multidisciplinary field, e.g., there are primary care physicians, specialists, nurses, te...
testimonials icon
Running head: CASE STUDY1Case Study: Exchangehunterjumber.ComNameInstitutionCASE STUDY2Case Study: Exchangehunterjumber.ComQuestion OneOne of the web...

Other samples, services and questions:

Calculate Price

When you use PaperHelp, you save one valuable — TIME

You can spend it for more important things than paper writing.

Approx. price
$65
Order a paper. Study better. Sleep tight. Calculate Price!
Created with Sketch.
Calculate Price
Approx. price
$65