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matrenka [14]
3 years ago
15

The exit of existing firms from a competitive market will a. decrease market supply and increase market price. b. decrease marke

t supply and decrease market price. c. increase market supply and decrease market price. d. increase market supply and increase market price.
Business
1 answer:
makvit [3.9K]3 years ago
4 0

Answer:

The correct answer is option A.

Explanation:

The exit of existing firms from the market will reduce the overall market supply. This will cause the market supply curve to move to the left.

This leftward shift in the market supply curve will lead to an increase in the equilibrium price. The equilibrium quantity will be reduced.

The other firms in the market will get more market share and higher profits.

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Philip oversees the processes of the research and development department of his company. He is responsible for all of the activi
weeeeeb [17]

Answer: Functional manager

Explanation: A functional manager is the individual in an organization saddled with the task of overseeing the successful running of the day to day operations of the organization.

He is always on ground to ensure everything is going on smoothly on a daily and he supervises the various sections of the organization.

8 0
3 years ago
Read 2 more answers
As compared to the national average, a Texas family in the lowest 20 percent of income pays ______ of their income in taxes.
Ghella [55]

In Texas, a family in the lowest 20% of income will, in a manner different from the national average,<u> pay more</u> of their income.

<h3>Why would they pay more?</h3>

Texas operates a regressive taxation system which means that the richer you are, the less percentage tax you pay.

This means that the poorer families have to pay a higher percentage than others. This is different from much of the U.S. where the poor pay less.

In conclusion, they pay more of their income.

Find out more on regressive tax at brainly.com/question/2214317.

5 0
3 years ago
1. On December 31st, 2012, Bingo Corp. borrowed $50,000 from a bank. Half of the loan was to be repaid in 2013, and the other ha
olga2289 [7]

Answer:

undervalued assets an liabilities by 50,000

Explanation:

The financial statement for the fiscal year ended on December 31th, 2012

will have the following mistake:

Liabilities are undervalued by 50,000

Cash wll be undervalued by 50,000

As the note payable is not recorded neither the cash receipts from the loan.

Because this transaction is missing, we are not doing a correct representation of reality. This account will be undervalued.

4 0
4 years ago
A company facing a simple environment would ____.
adoni [48]
<span>A company facing a simple environment would not thrive. A simple environment would not pose any competition at all for the employees to step up their game and bring out the best in them. Competition is not part of a simple environment but on a complex level.</span>
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3 years ago
!-I NEED HELP ASAP PLEASE-!/I SWEAR I WILL MARK YOU AS BRAINLIEST
Nady [450]

the answer is in the word doc

Download docx
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3 years ago
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