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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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Jenna does not drink alcohol and when she meets clients for dinner she knows that while the client might enjoy a glass of wine w
Anvisha [2.4K]

Answer:

electives

Explanation:

Based on the information provided within the question it can be said that this scenario illustrates the type of business customs known as electives. These are customs within a business that an employee may choose to follow or choose not to follow them and no consequences will arise from doing so. Such as is the case with Jenna deciding not to drink alcohol when meeting clients for dinner even though the client offers or drinks himself/herself.

4 0
3 years ago
Explain the difference between objectives and goals, and give examples of each.
lisabon 2012 [21]
The difference between objectives and goals is that a goal is a description of a destination and an objective is a measure of the progress that is needed to get to the destination.
Ex of goal:get along with others
Ex of objective:to use my skills in the best way possible
4 0
3 years ago
Q-mart wants to know what safety stock should be maintained for its jumbo flyer if j. flyer's daily demand is normally distribut
asambeis [7]
The answer is 10.  (<span>Multiply your maximum daily usage by your maximum lead time in days. Multiply your average daily usage by your average lead time in days. </span>Calculate<span> the difference between the two to determine your </span>Safety Stock)<span>.   5x4=20     2x4  = 8   20-8=12 x .95 =  11.4  closest value is 10.</span>
7 0
3 years ago
A nation has a population of 300 million people. Of these, 80 million are retired, in the military, in institutions, or under si
ValentinkaMS [17]

Answer:

Unemployment rate = 4.55%

Explanation:

We know,

Unemployment rate = Number of unemployed people in a country ÷ Total labor force.

Given,

Number of unemployed people in a country = 10 million

Labor force = Number of unemployed people in a country + Number of employed people in a country

Therefore, Labor force = 10 million + 210 million = 220 million

Putting the values into the above formula, we can get,

Unemployment rate = (10 million ÷ 220 million) × 100

Unemployment rate = 0.04545 × 100

Unemployment rate = 4.55%

8 0
3 years ago
A home improvement company was negotiating with a home owner to add two rooms onto a home. The company agreed to take a second m
monitta

Answer:

C) Friday, midnight

Explanation:

In this case, the homeowner is considered a borrower, and federal law gives borrowers three full business days after signing mortgage documents to rescind any loan. Since the loan documents were signed a Tuesday, the borrower has until Friday, midnight to cancel any deal (3 days = Wednesday, Thursday and Friday).

3 0
3 years ago
Read 2 more answers
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