2006-09-18 04:08:50 · 5 answers · asked by shelly_3_innis 1 in Social Science ➔ Economics
Depends on industry structure. In perfect competition, it's zero. In perfect monopoly, it depends on the shape of demand curve. In an oligopoly, it's whatever it is right now, adjusted by fluctuations in prices of raw materials. In a monopolistic competition, who knows...
2006-09-18 04:57:52 · answer #1 · answered by NC 7 · 1⤊ 1⤋
If you're asking about the United States, a good guess is 3%, since that's what it is has been over the past 100 years.
2006-09-18 20:44:23 · answer #2 · answered by intelbarn 3 · 0⤊ 0⤋
for perfect compeition and monopolistic compeition, economic profit is 0, with accounting profit of a positive value.
for monopoly or oligopoly, economic and accounting profits are both positives.
2006-09-18 16:47:04 · answer #3 · answered by Anonymous · 1⤊ 0⤋
IT'S GOING TO SUCK BABY! BIG TIME! I'M NOT BEING NEGATIVE. I'M JUST GOING BY THE LAST BOOK IN THE BIBLE (REVELATIONS)! SO WHATEVER WE AS PEOPLE INTEND ON DOING, WHETHER IT BE HAVING FUN EVERY SINGLE DAY OF YOUR LIFE; PUTTING ON A SERIOUS FACE BECAUSE YOU FIGURE THAT THIS MIGHT GET YOU AHEAD REGARDING EMPLOYMENT; DOING DRUGS UNTIL YOU KILL YOUR OWN DAMN SELVES BECAUSE YOU'RE NOT EVEN WAITING ON ARMAGEDDON; OR JUST TAKEN EACH DAY AS IT COMES AND BE THANKFUL YOU WOKE UP THAT MORNING. EITHER WAY SWEETIE, AND I DON'T WANT TO DEPRESS YOU BECAUSE JUST ME KNOWING THESE THINGS I'M NOT DEPRESSED, I'M JUST KIND OF WAITING AROUND AND DOING WHAT I GOTTA DO! ALL I CAN SAY IN NOT ONLY THE ECONOMY IS GOING STRAIGHT TO HELL BUT A WHOLE LOT OF OTHER SH\T IS GOING WITH IT!
TAKE CARE!
2006-09-18 11:16:11 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Zero.
2006-09-18 11:15:49 · answer #5 · answered by Steven S 3 · 0⤊ 0⤋