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matrenka [14]
2 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]2 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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All but one of the following is included in partnership winding up activities: a. Signing new contracts for the partnership. b.
Lelu [443]

Answer:

Signing new contracts for the partnership.

Explanation:

Winding up is one of the final two stages in the termination of a partnership. At this stage, the partnership continues to exist legally until all the business affairs are terminated. The collection and distribution of assets is the final business transaction of a partnership.

At the winding-up stage, the main activities involve debt settlements, collections, and distribution of assets among the partners. The business, therefore, does commit to new business. It cannot sign more contracts.

7 0
3 years ago
Susan can bake 200 cookies in an hour or watch her favorite tv show. If she chooses to watch her show, her opportunity cost is
Oksanka [162]

Answer:

200 cookies

Explanation:

The concept of opportunity cost arises as a result of the limited resources available to satisfy the unlimited human wants.

Opportunity cost is the cost or worth of the item forgone from the list of wants. Hence is is also called real cost or opportunity foregone.

The scale of preference ranks the wants in the order of preference.

If the resources available can only satisfy the first want, the second on the list is the opportunity cost.

As such, Susan's opportunity cost is the 200 cookies she failed to bake.

3 0
3 years ago
A.J. is the vice president for Keane Products, a marketing consulting firm. On a business trip to New York City in 2019, he meet
Ede4ka [16]

Answer:

$312

Explanation:

Business Travel expenses are costs incurred when you are away from home on businesses. Accordingly, in this case, AJ is allowed to deduct 50% of his entertainment costs (that is, meal and theater tickets) since it follows a substantial business discussion. The cost of transportation, that is the cab fare is fully covered under the business expenses as it is not subject to the 50% rule of deduction for entertainment and the likes.

Thus,

Total money AJ can deduct as business expenses.

= (50% of 350) + (50% of 190) + 42

= 175 + 95 + 42

= $312

7 0
3 years ago
An international firm considering foreign expansion should take into account that: a) the timing and scale of entry of foreign e
Alchen [17]

Answer: c) if the firm's core competence is based on proprietary technology, entering a joint venture might risk losing control of that technology.

Explanation:

When firms expand into international markets, it is a standard practice to partner with a local company that already has expertise in the market to enable an easier transition.

This creates a problem however because in partnering with the company, the competitive advantage that the company holds could be at risk. This is even more so if the competitive advantage is based on proprietary technology and by entering into a partnership and giving another company access to that technology, there is a risk that control could be lost.

7 0
2 years ago
What do you think the challenges are for working with team members from around the world?
Serhud [2]
Not knowing the different languages

8 0
2 years ago
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