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kirza4 [7]
1 year ago
11

Profit-maximizing firms enter a competitive market when existing firms in that market have.

Business
1 answer:
alexdok [17]1 year ago
6 0

Answer:Profit-maximizing firms enter a competitive market when, for existing firms in that market, total revenue exceeds fixed costs.

Explanation:

that is what i think sorry if im not right

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Answer:

consumer surplus will decrease.

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On the demand and supply curve it is indicated by the shaded area between equillibrum and demand curve as illustrated in the attached diagram.

For example let's assume the price a customer was willing to pay for a product was $50 and market price was $30

Initial consumer surplus= 50- 30= $20

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Present consumer surplus= $10

So a price increase causes a decrease in the consumer surplus.

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