The standard story of entry and exit leads to a long-run equilibrium in which all firms earn only a normal rate of return on investment. |
The quantity w represents the average fitness of the population at equilibrium. |
Because of the effect of wave refraction, the plan shape of crenulated coasts can attain an equilibrium state. |
With the cooking oscillating alarmingly, puddings did restore a certain equilibrium. |
There is no evolution in his work, but a continual alternation between structure and disorder, equilibrium and fragmentation. |
An object in equilibrium will not experience acceleration, and will either remain at rest, or continue moving at a constant velocity. |