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AURORKA [14]
3 years ago
14

Suppose a competitive market is comprised of first that face identical cost curves. The firms experience an increase in demand t

hat results in positive profits for the firms. Which of the following events are then most likely to occur?
i. New firms will enter the market
ii. In the short run, price will rise; in the long run, price will rise further.
iii. In the long run, all firms will be producing at their efficient scale
Business
1 answer:
umka2103 [35]3 years ago
6 0

Answer:

i. New firms will enter the market

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

Explanation:

In the competitive market barriers to entry will be low as there is no monopoly. The firms in the market are experiencing increased profitability as a result of increased demand so the market will be attractive for new firms. This will result in new firms entering into the market. In the short run.

In the long run as more firms enter the market, the firm's will need to produce at efficient scales because of high competition, with the aim of minimising cost.

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emmasim [6.3K]

Answer:

6.218%

Explanation:

we can use the present value of an annuity due formula:

present value = annual payment x annuity due factor

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100 = 7 x annuity factor

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using an annuity calculator, the interest rate for a PV annuity factor, 30 periods and equal to 14.286 is 6.218%

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MrRissso [65]

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3 0
3 years ago
Solving for the sales level needed to achieve a profit of zero is the same process as solving for the sales level needed to ____
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Explanation:

5 0
2 years ago
DSO and accounts receivable Ingraham Inc. currently has $205,000 in accounts receivable, and its days sales outstanding is 71 da
rusak2 [61]

Answer:

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Explanation:

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average sales per day = $895,792.25 / 365 = $2,454.23 per day

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20 days = accounts receivable / $2,454.23 per day

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Sol- sun

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Hope this helps!!!!!!!
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