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lutik1710 [3]
2 years ago
10

The entry of firms into a market Group of answer choices Shifts the market supply curve to the left. Increases the equilibrium p

rice. All of the Answers are Correct. Shifts the market demand curve to the left. Reduces the profits of existing firms in the market.
Business
1 answer:
iris [78.8K]2 years ago
4 0

The entry of firms into a market reduces the profits of existing firms in the market.

An economic market is a composite structure that is composed of multiple elements.

  • Firms can be placed in the category of competitive markets which are broadly categorized as perfect competition firms or monopolistic competition firms; monopoly, and oligopoly.
  • An entry is characterized by a response to increasing profits in the industry.
  • These high profits facilitate the entry of new firms into the market.
  • The profits of the existing firms reduce as a reaction to the entry of new firms into a market structure.
  • Existing firms exit when they start facing recurrent losses.

Therefore, the entry of firms into a market reduces the profits of existing firms in the market.

Learn more about the entry of firms into a market here: brainly.com/question/2975624

#SPJ4

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Which branch of government has exercised the most power regarding race to the top, common core standards, and its assessments? w
Ierofanga [76]

For the first question, the answer is the judicial branch of the government since it is the one who ordain and establishes. The Judicial branch construes the laws. The judiciary also offers a tool for the resolution of arguments.

For the second question, the answer is the executive branch of the government. The executive is the structure exercising authority in and holding accountability for the power of a state. The executive implements and imposes law. 

4 0
3 years ago
A(n) __________ contract is a contract in which one or both parties has the ability to either withdraw from or enforce the contr
Lera25 [3.4K]

Answer:

Voidable Contract

Explanation:

Voidable Contract

This is a type of contract or legal agreement in which any of the parties involved or the both parties may chose to render it unenforceable for a given number of reasons. This type us different from a void contract in that, it is a valid contract which may either be affirmed or rejected by both or either parties.

Some reasons that may lead to the withdrawal of the contract are misinterpretation, coercion and fraud etc.

It is a valid contract that can be declared invalid. It is different from VOID as earlier pointed out as a void contract cannot be enforced by either party. Examples of voidable contract are found in real estate contract, lawyer contract and so on.

8 0
3 years ago
Read 2 more answers
A cash-strapped young professional offers to buy your car with four, equal annual payments of $3,000, beginning 2 years from tod
kiruha [24]

Answer:

This means that receiving 9000 today is better for us as we will have more at the end of 6 years.

Explanation:

We need to first calculate what is the future value of payments in both scenarios. If we receive $9,000 today and invest it at 10% for 6 years we will have 9000*1.10^6=15,944

If we start reviving cash in 4 annual payments 2 years from now of $3000 we will have to find the future value of each individual payment and add them up.

First payment Future value = 3000*1.10^4=4392 (Money can be invested for 4 years at 10%)

Second payment future value = 3000*1.10^3=3993 (Money can be invested for 3 years at 10%)

Third payment future value = 3000*1.10^2=3630 (Money can be invested for 4 years at 10%)

Fourth payment future value = 3000*1.1=3300

Add them all up = 15315

This means that receiving 9000 today is better for us as we will have more at the end of 6 years.

5 0
3 years ago
The price of baseballs, a complement to baseball bats, increases at the same time the price of aluminum, an input to baseball ba
Rufina [12.5K]

Answer:

The price of baseball bats (a complementary good) increased

If the price of a complementary good increases, this would result in a decrease in demand for baseballs.

Explanation:

5 0
2 years ago
Had columbus's voyage acquired wealth for spain, he was supposed to keep what amount?
kotegsom [21]
He was supposed to keep 10%.
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But, since <span>he had been relieved of his duties as governor, the Crown no longer feel obligated to honour the term of the contract.</span>
5 0
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