The exit of existing firms from a competitive market will a. decrease market supply and increase market price. b. decrease market supply and decrease market price. c. increase market supply and decrease market price. d. increase market supply and increase market price.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The exit of existing firms from a competitive market will a. decrease market supply and increase market price. b. decrease market supply ...” 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
Binding price ceilings benefit consumers because they allow consumers to buy all the goods they demand at a lower price. a. true b. false
Answers (1)
Which value describes the desire to be one's own boss?
Answers (1)
What factor is not included in determining the total cost of a loan A) credit history B) length of loan C) intrest rate D) down payment
Answers (1)
The analysis of the competitive environment that has been conducted utilizes the work of:
Answers (1)
In the first quarter of the year, Real GDP was $400 billion; in the second quarter, it was $398 billion; in the third quarter, it was $399 billion; and in the fourth quarter, it was $395 billion. Has there been a recession? Explain your answer.
Answers (1)
New Questions in Business
On Jan 1, 2011, P. T. Scope Company purchased a computer system for $3,240. The company expects to use the system for 3 years. The asset has no salvage value. The book value of the system at Dec 31, 2012 is
Answers (1)
What minimum amount of body weight loss (lbs) is shown to improve physical capabilities and quality of life?
Answers (1)
Bank A has an increase in deposits of $20 million dollars and all bank reserve requirements are 10%. Bank A loans out the full amount of the deposit increase that is allowed. This amount winds up deposited in Bank B.
Answers (1)
In the context of foreign direct investment, a joint venture involves the merger of companies.
Answers (1)
Classify the following changes in each of the accounts as either an outflow or an inflow of cash. During the year (a) marketable securities increased, (b) land and buildings decreased, (c) accounts payable increased, (d) vehicles decreased, (e)
Answers (1)