Which characteristics make it so that perfectly competitive firms and monopolistically competitive firms have zero economic profit in the long run?

Ail industries uses activity-based costing to assist management in setting prices for the company's three major product lines. the following information is available: activity cost pool estimated overhead expected use of cost driver per activity cutting $1,000,000 25,000 labor hours stitching 8,000,000 320,000 machine hours inspections 2,800,000 160,000 labor hours packing 960,000 64,000 finished goods units compute the activity-based overhead rates. (round answers to 2 decimal places, e.g. 12.25.)

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a

Which of the following is not an example of one of the four mail advantages of prices on a free market economy