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?
1. What’s your biggest “take away” from the study? 2. What do you see as the biggest limitation of the study? 3. How do you believe social media has positively benefited your relationships? How has it negatively impacted your relationships? https://www.youtube.com/watch?v=q-7zAkwAOYg (Links to an external site.)