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djverab [1.8K]
4 years ago
8

What effect does the entry of new firms have on the economic profits of existing​ firms? When new firms enter a monopolistically

competitive​ market, the economic profits of existing firms
Business
1 answer:
Ronch [10]4 years ago
7 0

Answer:

decrease and demand curve will shift to the left.

Explanation:

When new firms enter a monopolistically competitive​ market, the economic profits of existing firms will decrease. This is because, new firms enter an existing market if they spot a profit opportunity . The entry of these new firms will therefore increase the quantity of products or services supplied in the market which gives consumers more choices and substitutes. As a result, the demand curve of the existing firms will also shift to the left. because their

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In the context of agribusiness and the globalization of agriculture, the food chain is a way of understanding complex connection
noname [10]

Answer:

The correct answer is:

Producers, consumers.

In the context of agribusiness and the globalization of agriculture, the food chain is a way of understanding complex connections between agricultural producers and food consumers.

Explanation:

The globalization process of agriculture has allowed the agricultural world to expand in a more appropriate and faster way, since it has provided the necessary elements lacking in the past for a growing economy in this important field for humanity. The Globalization of agriculture has been acting like a growing chain, once the exportation process grows, it provides more employment and at the same time when families have more income the demand grows as well.

3 0
3 years ago
Read 2 more answers
Oscar is thinking of quitting his job and buying a business. He thinks he will earn $100,000 in the first year. He currently wor
zepelin [54]
Oscars opportunity cost for buying the business is 50,000
7 0
3 years ago
In this economy, community members typically use simple tools to plant and harvest crops. Food supplies are supplemented by hunt
dsp73

Answer:

Traditional economy.

Explanation:

A traditional economy is one that relies on historical methods, customs, and beliefs to develop. It is generally more common in developing countries because it is an economy based on rural activities such as agriculture, fishing and hunting. Because it is an economy that develops around a tribe or a family, it is customary for production to be for consumption only, so there is no surplus and little money movement.

5 0
3 years ago
What country borders the caspian sea, the persian gulf, and the gulf of oman?.
wel

Iran, is the country that borders the Caspian sea, the Persian gulf, and the gulf of Oman.

<h3>Which countries lie along the Caspian sea, the Persian gulf and the gulf of Oman?</h3>

Iran country lies in the Middle-East of the Iraq and Pakistan, that borders the Caspian sea, the Persian gulf, and the gulf of Oman.

The inland sea is connected to the Gulf of Oman from the East and the countries that lie along the Persian Gulf and the Gulf of Oman are Oman, Iraq, Kuwait, Saudi Arabia, etc.

Strait of Hormuz connects the the Persian Gulf to the Arabian Sea.

Learn more about the Persian gulf and the gulf of Oman here:-

brainly.com/question/4694666

#SPJ1

7 0
2 years ago
The ultimate retail strategy is to offer consumers multiple brand–based "touchpoints" that leverage the strengths of each channe
Kay [80]

Answer:

Here, to explain this, a company with a truly integrated or omni channel strategy might spark a customer's interest using mobile advertising or direct mail catalogs. The customer then visits a brick and mortar store to examine the product firsthand and speak to a salesperson.

In-store purchases might be made using one of the mobile payment methods discussed later in this chapter. If the store does not have the particular size or color of the product desired, the customer might order it by accessing the store's e-commerce site with his or her smartphone by scanning a QR code placed strategically on an in-store display.

The product would then be delivered through the mail. Product returns could be handled through the mail or returned to the store, depending on what is most convenient for the customer. Customer service reps in a call center would have a record of the customer's purchase regardless of which channel the transaction had been completed through.

4 0
3 years ago
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