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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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High-pressure systems typically form over the atlantic ocean during the summer. if such systems did not form as often, _______ w
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The answer to this question is: <span> South Carolina; drier
</span> Circulation of surface wind and ocean water is run against clock direction in the Northern Hemisphere and the <span>Surface currents generally move outward from system's center
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7 0
4 years ago
Market risk refers to the tendency of a stock to move with the general stock market. A stock with above average market risk will
Stolb23 [73]

Answer: True.  Market risk refers to the tendency of a stock to move with the general stock market. A stock with above average market risk will tend to be more volatile than an average stock, and its beta will be greater.

Explanation: If a stock has a beta that is greater than 1, there is a higher risk for the stock. High risk stocks have a higher potential for return, but are also easier to lose funds from.

4 0
3 years ago
National Art is a new business. During its first year of operations, credit sales were $40,000 and collections were credit sales
zmey [24]

Answer:

The ending balance of Allowance for Bad Debts account is $800

Explanation:

The computation of the ending balance of allowance for bad debt is shown below:

= Credit sales × uncollectible rate

= $40,000 × 2%

= $800

The estimated amount would be considered as an allowance for bad debts i.e $800, So no other amount would be come while computing the ending balance of Allowance for Bad Debts account.

However, the other information which is given in the question is not relevant. Hence, ignored it

6 0
3 years ago
True or false: All employees make an impact on a business.
maxonik [38]

Answer:

true; all employees make either a positive or negative impact on a business

Explanation:

3 0
3 years ago
he controller of Wildhorse Industries has collected the following monthly expense data for use in analyzing the cost behavior of
Solnce55 [7]

Answer:

Variable cost per unit= $0.5

Explanation:

<u>To calculate the variable and fixed costs under the high-low method, we need to use the following formulas:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (5,420 - 2,925) / (8,870 - 3,880)

Variable cost per unit= $0.5

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 5,420 - (0.5*8,870)

Fixed costs= $985

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 2,925 - (0.5*3,880)

Fixed costs= $985

5 0
3 years ago
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