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sergeinik [125]
3 years ago
6

How is ease of market entry and exit and exit related to the number of suppliers in a purely competitive market?

Business
1 answer:
arlik [135]3 years ago
4 0

Numbers of suppliers in a purely competitive market dictate how easy it is to start a business or transform it in that sector.

Explanation:

Entry an d Exit in a business sector means the ease of starting or transforming a business that is involved in a particular market sector.

In a purely competitive market the business is dictated by the market standards set by the completion of the various companies vying for a market share between each other.

The harder the competition at the top level, the harder it is for a new business to come up, similar is the case for when one or two companies dominate the hegemony in which case it is hard to grab a market share for the new entrant in the market.

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(B) functional

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4 years ago
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At a farmer’s market, a basket of strawberries costs $20 and a basket of peaches costs $18. On Saturday, 23 baskets were sold
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Based on the calculation done, there are 15 baskets of peaches.

x + y = 23 ..... i

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20(23 - y) + 18y = 430

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brainly.com/question/13763238

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