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
IrinaK [193]
4 years ago
9

Which sequence describes the long-run adjustment process in a competitive market when firms are experiencing short-run economic

losses?
a. some firms exit, industry supply decreases, market price falls.b. some firms exit, industry supply decreases, market price rises.c. market price rises, some firms exit, industry demand decreases, market price falls.d. market price falls, some firms exit, industry supply falls.
Business
1 answer:
dedylja [7]4 years ago
7 0

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

You might be interested in
Managing economic exposure is generally perceived to be ____ managing transaction exposure. a. more difficult than b. less diffi
Anit [1.1K]

Answer:

the correct answer is a. more difficult than

Explanation:

Unlike Transaction exposure, economic exposure is difficult to predict and difficult to mitigate in an event of occurence, thus making it harder to manage than transaction exposure.

This is mainly because economic exposure can happen due to various macro economic factors and international political incidents.

6 0
3 years ago
Read 2 more answers
__________ manages the movement of raw materials, parts, work in progress, finished goods and related information throughout the
expeople1 [14]
<span>Logistics is the set of means necessary for the organization of a company, especially in the distribution. It is focused on the supply chain, the planning of purchasing activities, production, transportation, and distribution. Its fundamental function is to place the products in the right place, under the desired conditions and standards, for the maximum satisfaction of the company.</span>
7 0
4 years ago
When a company attempts to appeal to the same target market across countries, for example, by using the same images and copy on
maksim [4K]

Answer:

Country culture

Explanation:

In international marketing and advertising, most of the big companies which have their branches all over the world and sell their products across the continents uses country culture to target the same market across the countries.

For example, BMW tried to bridged the cultural gap by advertising which appeals to same target market across the countries, but the only thing which changes is its language.

5 0
4 years ago
On a recent concert tour, the Foo Fighters sang a number of classic songs from their past albums, in addition to playing songs f
Brut [27]

Answer:

Generational conflict

Explanation:

The Foo Fighters were trying to reduce generational conflict by playing songs that all of the audience could enjoy, no matter their age.

4 0
3 years ago
KYG Instruments, a firm that produces manufacturing equipment for various industries, experiences an influx of new sales employe
sergiy2304 [10]

Answer:

2.

Explanation:

Based on the scenario being described within the question it can be said that the HR department's first step should be to Identify that the sales representatives need technical training. This is because as stated in the passage, the sales representatives are performing poorly because they do not posses the required product knowledge, therefore providing them with the technical training and correct knowledge would drastically increase their performance and sales rates for the company. So this should be HR's first step and top priority.

8 0
3 years ago
Other questions:
  • Define quality assurance?
    6·2 answers
  • Low level employees pose the greatest threat to information security. <br> a. True <br> b. False
    7·1 answer
  • Big Canyon Enterprises has bonds on the market making annual payments, with 17 years to maturity, a par value of $1,000, and a p
    6·1 answer
  • What is the definition of economic growth?
    8·2 answers
  • Frank purchased land containing oil reserves for $425,000. He has calculated his cost depletion for the year to be $20 per barre
    14·1 answer
  • WHICH ADVANTAGES ARE PART OF RENTING A HOME?
    9·1 answer
  • When originally purchased, a truck costing BD 23.000 had an estimated useful life of 8 years and an estimated salvage value of B
    14·1 answer
  • Which of the following is an internal factor?
    5·1 answer
  • Source of income for sole proprietor
    11·1 answer
  • For an organization to obtain a competitive advantage through superior innovation, it should?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!