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Romashka-Z-Leto [24]
1 year ago
14

If a new firm enters into a monopolist competition market, We would expect the economic profit of the existing firms to

Social Studies
1 answer:
DiKsa [7]1 year ago
5 0

Long-term economic profits for all businesses are zero. Its quantity demanded will be tangent towards its average-total-cost curve whenever a profit-maximizing firm inside a monopolistic competitive market is generating its long-run Equilibrium quantity. The business makes no economic profit.

<h3>What is the Equilibrium Quantity?</h3>

An Equilibrium Quantity is neither in short supply nor when supply and demand cross, the amount of a good that consumers desire to buy is equivalent to the amount that its manufacturers are supplying.

The price and quantity function can be solved to determine the equilibrium quantity (Qa - bP = x + YP). An equilibrium price can be determined by solving the equation whenever the supply and demand are equal. To determine the quantity, enter the equilibrium price into the supply or demand function.

Learn more about the Equilibrium Quantity here: brainly.com/question/28527601

#SPJ1

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Stefan is probably worried about the performance risk of his lawnmower.

<h3 /><h3>What is performance risk?</h3>

Corresponds to the risk related to a purchase, that is, a consumer who pays for a product expecting to obtain a benefit, but that this benefit is not fulfilled due to a defect in the manufacture or in some expected specification.

Therefore, performance risk legally guarantees that the buyer will not be harmed by any non-conformity in the purchased product.

Find out more about performance risk here:

brainly.com/question/13905761

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