1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
labwork [276]
2 years ago
6

The entry and exit of firms in a purely competitive industry help to improve resource allocation because:_______

Business
1 answer:
Morgarella [4.7K]2 years ago
3 0

The reason why the entry and exit of firms in a purely competitive industry helps to improve resource allocation is because the losses result in exit and release resources to flow to markers where there are profits.

<h3 /><h3>How can the purely competitve market be beneficial?</h3>

Purely competitive industries allow for easy entry and b which leads to many firms coming into the market.

As a result, there is too much supply which leads to losses when prices drop.

As the companies suffering losses leave the market, they then invest in other markets where there are profits thereby reallocating resources.

Find out more on resource allocation at brainly.com/question/15129284

#SPJ1

You might be interested in
Which type of clause enables a seller to keep a property on the market after receiving a contingent offer, and to accept an offe
USPshnik [31]

Answer:

Bump clause

Explanation:

A bum clause is a clause that is used in real state transactions that allows the sellers to get into a contract with a buyer while allowing them to maintain the property in the market and if they get another offer, they have the right to take it. This is generally used when buyers include conditions like selling their home first to allow the seller to keep looking for another opportunity.

According to this, the answer is that the type of clause that enables a seller to keep a property on the market after receiving a contingent offer, and to accept an offer from a second buyer is a bump clause.

3 0
3 years ago
Monsters Incorporated (MI) in ready to launch a new product. Depending upon the success of this product, MI will have a value of
irga5000 [103]
A and then d i’m pretty sure
3 0
2 years ago
In what ways did Skilling's involvement in unethical financial and accounting practices benefit stakeholders initially?
Mila [183]

Answer:

The given case relates to the movie Enron. In the movie, Jeffrey Skilling engineered transactions and falsely boosted stock values, allowing various stakeholders to earn higher returns at first. Arthur Anderson, the corporation's auditor, was involved in the investment fraud. Thus, initially to increase the share price the defaulters boosted their earnings.  

7 0
3 years ago
The management accountant at light manufacturing oversees the​ company's dayminustominusday operations at the firm. the manageme
mariarad [96]

The above is an example of directing

Directing is one of the responsibilities of a management accountant. It involves governing the operations of a company in a particular direction. It is a process through which the manager guides the performance of workers to achieve set goals.

4 0
3 years ago
Foreign companies that are listed on the New York Stock Exchange (NYSE) and following their domestic GAAP must report their inco
Arlecino [84]
The generally accepted accounting principles of the United States
7 0
2 years ago
Other questions:
  • Northwest Fur Co. started the year with $96,000 of merchandise inventory on hand. During the year, $430,000 in merchandise was p
    9·1 answer
  • Suppose the manager agrees to pay each employee a​ $50 bonus if they meet a certain goal. on a typical​ saturday, the​ oil-chang
    15·1 answer
  • On January 5, Merkel Inc. purchases office equipment for its new branch office from Norbert Company. Merkel requests that the eq
    6·1 answer
  • The adjusting entry for accrued wages was omitted at July 31, the end of the current year. Indicate which items will be in error
    15·1 answer
  • The monetary inflation needed to relieve the social and economic hardships of the late nineteenth century eventually came as a r
    9·1 answer
  • To measure ingredients accurately, it is best to measure items in as many
    10·2 answers
  • You have a portfolio that is invested 24 percent in Stock R, 38 percent in Stock S, and the remainder in Stock T. The beta of St
    8·1 answer
  • Which phase of financial life cycle includes ‘income tax reduction’?
    15·1 answer
  • Evelyn, who is in charge of an ad hoc team, holds a meeting with her team and explains the purpose of the project and outlines w
    9·1 answer
  • Who is an HR manager?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!