Business

Curtis Copeland

1 October, 18:33

When new firms enter a perfectly competitive market,

a. entering firms will earn zero economic profit upon entry into the market.

b. economic profits of existing firms will continue to be zero.

c. prices will rise as existing firms raise prices to keep new firms out of the market.

d. existing firms may see their costs rise if more firms compete for limited resources?

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “When new firms enter a perfectly competitive market, a. entering firms will earn zero economic profit upon entry into the market. b. ...” 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

What is invigilation? a. a theft investigation technique which involves close supervision of the suspects during the examination period. b.

Farrel Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year:Direct labor cost $ 574,000Manufacturing overhead: Indirect labor cost $ 163,000Other manufacturing overhead

The current sections of Sandhill Co.'s balance sheets at December 31, 2021 and 2022, are presented here. Sandhill Co's net income for 2022 was $137,700. Depreciation expense was $24,300.

What do alphas in the world state use for personal transportation?

Assume that Jack and Hal and Sophia enter into a contract for the sale of the restaurant for $1,000,000. Part of the contract called for Jack to clean the outside of the restaurant prior to the closing.

New Questions in Business

Zero Corp. suffered a loss having a material effect on its financial statements as a result of a customer's bankruptcy that rendered a trade receivable uncollectible.

Upward communication among organizational members at the same level can facilitate task coordination, provide means of sharing information, provide formal channel of communication for problem solving, and facilitate mutual support for staff involved.

Last year, a women's professional organization made two small-business loans totaling $23,000 to young women beginning their own businesses. The money was lent at 9% and 11% simple interest rates.

When Crossett Corporation was organized in January 2018, it immediately issued 4,000 shares of $50 par, 6 percent, cumulative preferred stock and 50,000 shares of $20 par common stock.

If the market is in equilibrium, then an option must sell at a price that is exactly equal to the difference between the stock's current price and the option's strike price. a. True b. False