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
Katarina [22]
3 years ago
13

In long-run equilibrium with trade, losses from import competition will force some firms to ______________, increasing demand fo

r the remaining firms' output, which will then cause their demand curves to become ______________ , due to the increased variety of products from _______________.
a. lower prices; more inelastic; new firms entering the industry.
b. leave the industry; flatter; foreign firms.
c. lay off workers; more elastic; the research and development departments in firms.
d. raise prices; steeper; new firms entering the industry.
Business
1 answer:
MrMuchimi3 years ago
7 0

Answer:

The correct answer is option b.

Explanation:

In an open economy, domestic firms have to face competition from the foreign producers. If firms face losses in the long run, because of import competition, these firms will leave the industry.

As the number of domestic firms get reduced, the demand curve of the other firms will become flatter. This happens because of the foreign firms that bring in a large variety of goods in the domestic market.

You might be interested in
Drag the tiles to the boxes to form correct pairs.
Katyanochek1 [597]

Answer:

The customer returned the shirt, because the athlete’s team number was incorrect - Purchasing Department

The concert venue store ran out of packaging supplies - Production Department

The band’s performance was well received in the market due to good promotional schemes - Marketing Department

The budget for the next year included an additional component for promoting improvements to the arena - Finance Department

Explanation:

Got right on plato

4 0
3 years ago
Suppose a competitive market is comprised of firms that face identical cost curves. The firms experience an increase in demand t
Verdich [7]

Answer:

(i)New firms will enter the market.

(iii)In the long run, all firms will be producing at their efficient scale

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market price is set by the forces of demand and supply.

If firms are earning positive profits, in the long run new firms would enter into the industry and this woold drive positive profits to zero. As a result , firms would be operating at the efficient scale.

I hope my answer helps you

7 0
3 years ago
Read 2 more answers
Coca-Cola, Inc. and PepsiCo, Inc. have only one distributor each in the Phoenix area. The Phoenix market is an intensely competi
yaroslaw [1]

Answer:

B. The denial is justifiable given the level of interbrand competition.

Explanation:

Anti trust law only applicable if you can proof that two or more producers in the same industry work together in order to assert their control over the market. They can do this through price fixing, controlling the amount of supply, etc.

This condition<em> can't be found</em> in the scenario above.

The denial that done by PepsiCo is justifiable because in a really competitive market, a company need to impose a strict requirement on which entities they should form a dealership relation with. If PepsiCo choose the wrong dealers, Its competitors could easily taken over the market and resulted in a huge amount of loss for the company.

7 0
3 years ago
How can business apply force field technique in the workplace
FinnZ [79.3K]

Companies can apply the force field technique in the workplace by establishing a method of observing the factors that drive or block the achievement of goals.

<h3 /><h3>How is the force field technique effective in the workplace?</h3>

It helps in the identification and more comprehensive analysis of the organizational environment and its processes, helping in decision making and in the strategic formulation to reduce bottlenecks and obtain quality.

Therefore, the force field technique helps in the effectiveness of processes, develops communication, reduces resistance to change in addition to creating a positive culture for development.

Find out more about force field technique here:

brainly.com/question/20813400

#SPJ1

8 0
2 years ago
Company A manufactures and sells extreme sports gear. Its website includes a place for customers to post reviews of its products
erik [133]

Answer:

personal selling

Explanation:

Personal selling is a type of marketing strategy used when companies encourage their customers to make their experiences public and share their feelings about the product. In this case, the company is encouraging consumer feedback and sharing stories.

5 0
2 years ago
Other questions:
  • How is the value of a product determined?
    10·1 answer
  • What is the opportunity cost of saving money to purchase a car?
    13·2 answers
  • All of the following are among the activities a project manager should undertake to develop a highly effective team EXCEPT: ​ a.
    14·2 answers
  • Assume that the interest rate on borrowing in Japan is 1 percent, while the interest rate on deposits in Australian banks is 5 p
    9·1 answer
  • Nathan noticed that a company that has great potential just declared a​ ________ because its stock price was getting too high fo
    11·1 answer
  • Shawna would like to explore a career that would allow her to work outdoors with natural resources. Which two careers would be t
    9·1 answer
  • Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for October of t
    10·1 answer
  • Why are files naming conversation essential
    13·1 answer
  • A portfolio is composed of two stocks, A and B. Stock A has a standard deviation of return of 23%, while stock B has a standard
    5·1 answer
  • i made a bet with my friend that he couldnt swallow an egg full, hes laying on the ground now what do i do
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!