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1 year ago

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

1 answer:

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

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<h3>Explanation:</h3>

The word Resist refers to the act of withstanding the action or effect of something. An act that is done with an intention to protect oneself or defend from the challenge or avoiding criticism is defensive. When we do something wrong or when we are in a situation to avoid criticism by others who may be our co workers we tend to defend our self.

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3 years ago

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Answer:

The correct answer is B Market penetration

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Market penetration strategy is one of the four growth strategies and it involves focusing on selling your existing products or services into your existing markets to gain a higher market share.

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3 years ago

Sheaves, Inc., has sales of $50,000, costs of $23,000, depreciation expense of $2,250, and interest expense of $2,000.

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Answer:

$21,767.50

Explanation:

Computation table:

Particular Amount

Sales $50,000

Less: Costs $23,000

Less: Depreciation $2,250

EBIT $24,750

Less: Interest $2,000.

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