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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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Rashid [163]

Answer:

The correct answer to the following question will be Option 3 (General ledger).

Explanation:

  • General Ledger is the full accounting of all the financial activities of the company across its lifespan. It contains all the documents which are preparing the reports of finance, including income, assets, investments, income, and expenditures.
  • It's an official paper that offers a comprehensive overview of the business transactions of the company.
  • An invoice, or general ledger key, is a number that is used to document business transactions in the ledger.

Therefore, Option 3 is the right answer.

7 0
3 years ago
able sold to both the low and high tech segments last year, and marketing predicts able will have the same market share next yea
OverLord2011 [107]

Able sold to both the low and high-tech segments last year, and marketing predicts able will have the same market share next year. 1,841 units would you forecast for able.

Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing. Affiliates perform some marketing on behalf of a business.

Advertising is one of the primary methods used by marketing and promotion specialists to capture the interest of important target markets. Targeted promotions may include celebrity endorsements, memorable slogans or taglines, eye-catching packaging or graphic designs, and general media exposure.

Learn more about marketing here:

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7 0
2 years ago
Jose and Juanita are buying their first home. They want a low interest rate on loans, and they want to deal with someone local a
Sedbober [7]

Answer:

savings and loan association

8 0
3 years ago
When a company chooses to market a product in certain parts of the country but not in others because consumer preferences of one
dexar [7]

When a company chooses to market a product in certain parts of the country but not in others because consumer preferences of one region differ from another region, it is known as geographic segmentation.

<h3>What are consumer preferences?</h3>

The products or commodities, which are demanded by consumers in a specific quantity at a given price due to the utility it brings to an individual consumer, is known as a consumer preference.

Hence, option A holds true regarding consumer preference.

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6 0
2 years ago
A pizza monopolist employing third-degree price discrimination charges students $10 per pizza and everyone else $15 per pizza St
tangare [24]

Answer:

The price elasticity of demand for the students is:

inelastic.

Explanation:

The price elasticity of demand for the students is inelastic because there is no change in the quantity demanded by students that changes the price at which pizza is sold to the students.  If one student buys the pizza, the price charged remains $10 and if 1,000 students buy the pizza, the price remains $10 per unit.  Therefore, students' demand for the pizza is said to be static irrespective of price because the price is fixed.

8 0
3 years ago
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