Answer:
b. some firms exit, industry supply decreases, market price rises.
Explanation:
A perfect competitive industry is characterised by many buyers and sellers of homogenous goods and services. There are no barriers to entry or exit of firms.
If firms are making economic loss is the short run, in the long run, firms leave the industry. This leads to a fall in supply and prices rise as a result. In the long run, firms in a competitive industry earn zero economic profit.
I hope my answer helps you
<span>I believe the answer for you question would be life-cycle</span>
C: Market Research Analyst
Answer:
A. Veto the research
Explanation:
The research should be vetoed or rejected because with the market research, estimated earnings becomes $10, 000 less than without market research. This is because when market research is done, estimated earnings becomes 330,000, but cost of market research is 40,000. This the company will have a net estimated earnings of $290,000.
Whereas, if they don't engaged in market research, they are expected to have an estimated earnings of $300,000.
Therefore, the market research should be vetoed.
Combination compensation plans
