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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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Salespeople have to develop a mutual trusting relationship with the customers has this determines the long term sales relationship that they can mutually benefit from. A part of developing trust with the customer includes a good and long effective communication between the two.
3 0
3 years ago
If the government sets out to make home buying easier for more people by forcing lenders to accept ____________ down payments an
Artemon [7]

Answer:

If the government sets out to make home buying easier for more people by forcing lenders to accept LOWER down payments and LOWER interest rates, the result will likely be an INCREASE in housing prices

Explanation:

If either interest rates or down payment amounts lower, the quantity demanded for houses will increase a little, possible leading to a small increase in the prices of houses.

If both interest rates and down payment amounts lower, then the quantity demanded for houses should increase a lot, which will result in an increase in the prices of houses.

This happened during the first decade of our century and everything was fine until the interest rates started to increase and people could no longer pay their mortgages and BOOM, the economy busted.

7 0
4 years ago
The partnership contract for Hanes and Jones LLP provides that Hanes is to receive a bonus of 20% of net income (after the bonus
bogdanovich [222]

Answer:

pre-bonus income is $33600

Explanation:

given data

bonus = 20% of net income

income before the bonus = $57600

to find out

pre-bonus income

solution

we know pre income bonus is express as

pre-bonus income = bonous + share of income    ............1

so bonus = 20/120 × 57600 = $9600

and share of net income = 1/2 × ( 57600 - 9600)

share of net income = $24000

so from equation 1

pre-bonus income = bonous + share of income

pre-bonus income =9600+ 24000

pre-bonus income is $33600

3 0
3 years ago
What what is a good way to improve your marketability to employees
Vesnalui [34]
Low price.discount sale improve market.


4 0
3 years ago
What is MMS?
NISA [10]
The answer is c.

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7 0
3 years ago
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