Help me study for my Business class. I’m stuck and don’t understand.
Respond to the following in a minimum of 175 words:
Compare the short run and long run for perfectly competitive firms. How do perfectly competitive firms adapt to market changes in the short run? What can perfectly competitive firms expect in the long run in terms of profits?
Will Need two more Replies to at least 2 of my classmates. Replies Being constructive and professional in your responses.