Business

Tinky

16 June, 20:58

When profit-maximizing firms in competitive markets are earning profits, market demand must exceed market supply at the market equilibrium price. market supply must exceed market demand at the market equilibrium price. new firms will enter the market. the most inefficient firms will be encouraged to leave the market?

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “When profit-maximizing firms in competitive markets are earning profits, market demand must exceed market supply at the market equilibrium ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

An actor invests some money at 8 %, and $39000 more than twice the amount at 10 %. The total annual interest earned from the investment is $39460. How much did he invest at each amount? Use the six-step method.

Daisy Company manufactures dog collars. The following selected data relates to Daisy? Company's budgeted sales and inventory levels of the dog collars for the upcoming?

Sally agrees to mow Paul's yard for $300 for the summer. Paul wishes to assign the contract to his grandmother. Sally objects because Paul's yard is very small while the grandmother's yard is over an acre.

As the HR manager for company XYZ, you have been tasked with hiring 10 new people for the marketing department. With the technological changes in the global market, what source would you use?

ST Trucking just signed a $3.8 million contract. The contract calls for a payment of $1.1 million today, $1.3 million one year from today, and $1.4 million two years from today. What is this contract worth today at a discount rate of 8.7 percent?

New Questions in Business

What primary economic activities are associated with making jeans?

Bricker enterprises purchased a machine for $207,000 on october 1, 2018. the estimated service life is ten years with a $20,500 residual value. bricker records partial-year depreciation based on the number of months in service.

What are two specific steps Chuck and Wendy could take to increase their net worth in the next year?

Luthan Company uses a predetermined overhead rate of $23.40 per direct labor-hour. This predetermined rate was based on 11,000 estimated direct labor-hours and $257,400 of estimated total manufacturing overhead.

Melanie Summer spoke to an investor who is interested in her business idea. Melanie offered to send the investor a copy of her full business plan, but the investor asked for a short overview of the business plan instead.