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
Elena-2011 [213]
3 years ago
13

In the long​ run, profits will equal zero in a competitive market because of

Business
1 answer:
aliya0001 [1]3 years ago
7 0
<span>In the long​ run, profits will equal zero in a competitive market because of free entry and exit.

Because there is free entry in a market, the competition can come and go as they please.  This stops the ability for a company to have a monopoly because any company can come and sell the product. Companies are also able to leave a market but they may leave behind their goods without profit. 
</span>
You might be interested in
Decision Point: Your Final Meeting: RC Helicopter Piloting Radio controlled helicopter Your next client is Alan, who runs a high
hoa [83]

Answer:

Leave the price alone. Although it may lack some of the features that competitors’ models have, the Boss brand is well-recognized and well-respected in the market

Explanation:

You chose to lower the price to $359.That was the best choice.During the maturity stage of the product life cycle, increased competition eventually forces price cutting, and market share leadership may outweigh profit as a pricing objective, so this is a good option. However, it would take some research to determine whether the company can still make a profit at this price.

8 0
4 years ago
Henry Edwards was injured in an accident caused by another driver who did not have insurance. Henry's medical expenses would be
balu736 [363]

The correct answer is option D, uninsured motorists protection

In the uninsured motorists protection, an individual  gets medical insurance who has faced accident due to low liability of the driver (or any person driving the car) to meet the expenses of the accident as he was not having insurance


6 0
3 years ago
If a company was trying to find the best production strategy which maximized their total profits using an optimization model, th
vredina [299]

Answer: Constraint

Explanation:

The company data is not attached but this should be correct.

Constraints enable companies and entities to engage in sensitivity analysis which would enable them find out optimal quantities of production and production strategy.

Constraints show how much of something is needed to get something done so in making time the constraint, the company is trying to find out how much time is needed in the fabrication department for goods in order for profits to be maximized.

3 0
3 years ago
If a family spends its entire budget in a given time frame, the family can afford either 14 outings or 24 household items. Assum
AURORKA [14]

Answer:

1.71 household items

Explanation:

In this question, we learn that the family will only consume two goods: outings and household items. The family can either have access to 14 outings or 24 household items. This means that:

opportunity cost of 14 outings = opportunity cost of 24 household items

Therefore,

opportunity cost of 1 outing = 1.71 household items

6 0
4 years ago
Bro, I watched you kill him and vent.
rusak2 [61]

i did tooooo he vented

6 0
4 years ago
Read 2 more answers
Other questions:
  • If Carly shows the interviewer that she is familiar with European Union regulations and knowledgeable about how people in German
    14·1 answer
  • CoronadoCorporation, Inc. has the following income statement (in millions): Coronado Corporation, Inc. Income Statement For the
    8·1 answer
  • The overarching purpose of credit risk analysis is to: Question 11 options: a) Identify credit opportunities b) Determine a comp
    9·1 answer
  • During which phase of the strategic marketing planning process are managers evaluated on their actions from a conscious marketin
    14·1 answer
  • What is this?(Реализуем системы автоматического управления для производственных нужд,личных подсобных хозяйств.Повышенная надежн
    5·2 answers
  • In a statistics examination the mean score was 78 and the standard deviation was 10
    7·1 answer
  • (root 1 + Cos A )/(root 1 minus Cos A)​
    11·1 answer
  • Importance of the study of organisational buyer behaviour to the personal selling function​
    10·1 answer
  • Can i dispute a credit card charge that i willingly paid for.
    10·1 answer
  • The u.s. bureau of labor statistics has a website that can be of great help when researching careers. it contains many types of
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!