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
sergeinik [125]
3 years ago
6

In a competitive market with free entry and exit, the process of entry and exit ends when, for the typical firm in the market,

Business
1 answer:
alukav5142 [94]3 years ago
3 0

Answer:

The correct answer is option a.

Explanation:

In a competitive market, there is no limitation on entry and exit, entry and exit are free. The firms in a perfectly competitive market are price takers. They have a horizontal line demand curve which also represents average revenue and marginal revenue.  

The firms will enter the market in the long run if the price or marginal revenue is greater than average total cost. The firms will be maximizing their profits if the average total cost is equal to marginal revenue and price.  

The firms will exit the industry if price and marginal revenue fall below the average total cost.

You might be interested in
Which of the following savings options pays an interest rate that changes with the market rate of interest?
SashulF [63]

I am pretty sure that the answer is the money market account
5 0
3 years ago
Brain Boost Inc. is a leading educational toy company. Competitors across the globe have failed to imitate Brain Boost's product
user100 [1]

Answer:

Resource Immobility

Explanation:

A critical assumption of the resource-based model—resource immobility—is that resources tend to be "sticky" and don't move easily from firm to firm. Because of that stickiness, the resource differences that exist between firms are difficult to replicate and, therefore, can last for a long time

8 0
4 years ago
Why is Feeney called a hero/saint?
Deffense [45]

Answer:

In 1982, he decided he would commit to giving away his billions during his lifetime. He is broke now. Gave away and donated over $8million. His motto was "giving while living "

Explanation:

5 0
3 years ago
Companies choose to Vertically Integrate for all of the following reasons, except____________.a. The company can perform the pro
QveST [7]

Answer:

The correct answer is letter "D": The company desires to enter new markets.

Explanation:

Vertical integration happens when a corporation buys other companies in the supply chain and manages them. There are two types of vertical integration: <em>backward </em>and <em>forward</em>. In backward vertical integration a corporation, like a manufacturer, owns companies that supply inputs to the manufacturing process for businesses.  

In forward vertical integration, a business owns another company in the supply chain to get closer to the end customer.

Thus, <em>vertical integration is not a technique companies use to enter new markets.</em>

8 0
3 years ago
The Verizon CEO stated, "Corporate responsibility starts with a belief that what you do is important to society. This belief is
AleksAgata [21]

Answer:

corporate mission or marketing strategy area

Explanation:

Based on the information provided it can be said that this is an example of the corporate responsibility strategy being a part of the corporate mission or marketing strategy area. This refers to a specific sentence that encompasses the company's function, philosophies and goals which they strive to achieve and is the entire reason for existing in the market.

8 0
4 years ago
Other questions:
  • PLEASE HELP ME
    11·2 answers
  • Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 4,600 Salaries expense 1,800
    10·1 answer
  • P15. Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply
    14·1 answer
  • Leisure Vacations is considering a 5-year project which will require the purchase of $1.4 million in new 5-Year MACRS equipment
    14·1 answer
  • Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of Septembe
    15·1 answer
  • Michael Co. is a corporation that sells breakfast bars. Based on the accounts listed below, what are Michael's total trade recei
    8·1 answer
  • The triple bottom line "people/social" and it's relationship with social responsibility
    10·1 answer
  • Write an email response to the following scenario.
    5·1 answer
  • A situatiom where by a business gains editorial space without having to pay for this is called ​
    10·1 answer
  • A government had the following transfers reported in its governmental funds Statement of Revenues, Expenditures, and Changes in
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!