When new entrants into a competitive market have higher costs than existing firms, A. sunk costs become an important determinant

Question

2 years ago

6

When new entrants into a competitive market have higher costs than existing firms, A. sunk costs become an important determinant

of the short-run entry strategy. B. accounting profits will be the primary determinant of entry into the market. C. market price will rise. D. long-run supply is constant.

Business

1 answer:

marshall27 [118] · Answer 1 · 2022-08-14T15:26:14+03:00

marshall27 [118]2 years ago

5 0

Answer:

C.

Explanation:

When new entrants into a competitive market have higher costs than existing firms, market price will rise.