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
Lunna [17]
2 years ago
11

Which of the following statements accurately explains why profits for firms in a perfectly competitive industry tend to vanish i

n the long run? - The demand for products falls over time, so firms are unable to generate revenue. - Prices drop when other perfectly competitive firms see an opportunity to earn profits and enter the market. - Firms that experience losses try to increase supply to cover their costs, leading to zero profits.
Business
1 answer:
Lunna [17]2 years ago
6 0

Answer:

Prices drop when other perfectly competitive firms see an opportunity to earn profits and enter the market.

Explanation:

In a perfectly competitive market, firms can freely enter and exit the market in the long run.

Short run is too short for firms to enter or exit. So when the existing firms enjoy profits in the short run, this attracts the potential firms to enter the market in the long run.

As new firms join the market, market supply increases. This causes the market supply curve to shift to the right. The price level falls.

This causes the market share and profits of firms to decline.

You might be interested in
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $3,400 of dir
saul85 [17]

Answer:

Total cost of Job A3B=  $31,900

Explanation:

Job A3B was ordered by a customer on September 25.

The company applies overhead at a rate of 100% of the direct labor cost incurred.

Cost of September:

$3,400 of direct materials

$4,900 of direct labor.

$4,900 manufactured overhead

Total= $13,200

Cost of October:

$3,900 of direct materials  

$7,400 of direct labor

$7,400  manufactured overhead

Total= $18,700

Total cost of Job A3B= 13,200 + 18,700= $31,900

3 0
2 years ago
As he explores his options, Sergio notices that some opportunities appear to be riskier than others. When considering various op
Margarita [4]

Answer:

His risk profile.

Explanation:

When comparing various option , Sergio must understand his risk profile and choose the option according to it.

8 0
2 years ago
PLZ HELP FOR A TEST!!
Romashka [77]

Answer:

monopoly

Explanation:

In a monopoly market, a single firm sells a product with no close substitutes in a large market. It means that the single firm has no business competitors in the market. Without competition, the firm has the power to set prices, quality, and quantity without worrying about how customers will react.

In a monopoly market, customers have no choice since competition is absent. Customers have to do with high prices, limited varieties, and limited innovation, unlike in market structures that have business competition. Competition results in increased innovation, quality products, and a variety of products at fair prices.

6 0
2 years ago
Read 2 more answers
GINNY: I think itâs safe to say that, in general, the savings rate of households in todayâs economy is much lower than it really
zhuklara [117]

Answer:

Taxing polluters is one of the best ways to protect the environment

Explanation:

6 0
2 years ago
Do you know what human rights are?​
sattari [20]

Answer:

Explanation Human rights are the basic rights and freedoms that belong to every person in the world, from birth until death. ... These basic rights are based on shared values like dignity, fairness, equality, respect and independence. These values are defined and protected by law

4 0
2 years ago
Read 2 more answers
Other questions:
  • Ian would like to save $2,000,000 by the time he retires in 30 years. if he believes that he can achieve a 6% rate of return, ho
    14·1 answer
  • Is the wi-fi alliance a non-profit standards organization? what is their goal?
    8·1 answer
  • Look up the following words. Give the etymology of each. State what kind of term, such as mathematical, scientific, political sc
    6·1 answer
  • ​"Baxton Courier Services recently gave all its employees electronic tablets to accurately track the whereabouts of its ​shipmen
    12·1 answer
  • Which of the following should be filed directly after Nigel?Exit Test A Nathaniel B Nickel C Nuttall D Nicolas
    5·1 answer
  • Can this setup be used to electroplate a layer of silver on a pair of wooden chopsticks??​
    7·1 answer
  • Telecommuters are not key to a business continuity plan (BCP) because they work from remote locations. Therefore, any disruption
    14·1 answer
  • Two ways in which young entrepreneurs can benefit from the National Youth Development Agency​
    9·1 answer
  • What is a risker loan for the lender?
    9·1 answer
  • The Payroll records of Oregon Mist contained the following information for the month of November: Salaries $ 350,000 FICA Taxes
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!