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
vitfil [10]
3 years ago
14

In the long run, the entry of new firms in an industry:

Business
1 answer:
Aleks [24]3 years ago
5 0

Answer:

d. Benefits consumers by forcing prices down to the level of average cost.

Explanation:

In the long run, as firms enter into the industry, price would fall. This is due to the law of supply which says the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

The entry of firms into the industry in the long run drives economic profit to zero and ensures that price is equal to marginal cost or average cost.

I hope my answer helps you

You might be interested in
Markets may have difficulty providing the proper quantity of a public good because Group of answer choices individuals will tend
Mariulka [41]

Answer:

individuals will tend to become free riders, and private firms will have difficulty generating enough revenue to produce an efficient quantity of the good.

Explanation:

A public good is a good that is non excludable and non rivalrous. Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue

The free rider problem is a form of market failure. It occurs when people benefit from a good or service of communal nature and do not pay to enjoy these services.

Because a public good is non-excludable, the problem of free rider increases so private firms would be unable to generate adequate revenue

3 0
3 years ago
Gillock, Inc. uses MACRS for its income tax return and the straight-line method for its financial statements. On January 1, Year
Sloan [31]

Answer:

A deferred tax liability will be reported on the balance sheet

b) trademark

as longterm assets refers to those assets that will not become cash within a one-year period

Explanation:

As the accounting makes the depreciaiton of the asset among 8 years

while the MACRS (depreciaiton for tax purposes) does it in 5 years

the company will pay lower income taxes now but, higher in the future

creating a tax liability as the tax relief occurs now.

Calculations:

Account Depreciation Expense

(cost - salvage value )/ useful life =

(130,000 - 10,000)/ 8 years = 8,000

Tax-purpose depreciation expense

130,000 x 20% = 26,000

There is a tax difference of (26,000 - 8,000) x corporate income tax

3 0
3 years ago
What will happen in the bond market if the government imposes a limit on the amount of daily transactions? Which characteristic
arlik [135]

In the bond market if the government imposes a limit on the amount of daily transactions, liquidity of bonds relative to other assets will​ decrease, increasing the interest rate and lowering​ bond's prices.

In the bond market various debt instruments are bought and sold by a variety of entities. In the bond market, corporations and governments issue bonds in order to raise debt capital to fund operations or seek growth opportunities.

If the government imposes a limit on the amount of daily transactions in the bond market, then bonds will become less liquid with respect to alternative assets, by also lowering​ bond's prices and increasing the interest rate.

Hence, bonds are issued by governments and corporations when they want to raise money.

To learn more about bond market here:

brainly.com/question/14314042

#SPJ4

8 0
1 year ago
Which of the following statements is false?
erastova [34]
A student loan is an award I think
3 0
2 years ago
Read 2 more answers
A listener who requires a lot of supporting evidence is a(n)
andriy [413]

content-oriented listener.

4 0
3 years ago
Read 2 more answers
Other questions:
  • Which factors decrease because of protectionism? competition job security domestic production goodwill with trade partners impor
    6·1 answer
  • The firm projected its proforma of financial statements using AFN method and finds that next year its AFN is $2 million. Its tot
    7·1 answer
  • How do consumer expectations affect the demand for a product?
    7·2 answers
  • What is the primary purpose of the World Bank?
    6·1 answer
  • Mississippi River Shipyards is considering the replacement of an 8-year-old riveting machine with a new one that will increase e
    13·1 answer
  • A software start up is pitching to raise money to write code and they need a team of 4/4 for two years and each color cost 100,0
    12·1 answer
  • Man this Girl __________
    11·1 answer
  • Department S had no work in process at the beginning of the period. It added 14,800 units of direct materials during the period
    15·1 answer
  • Why teams need negotiation skills?<br>​
    8·1 answer
  • you are at the checkout counter at the local supermarket and use your debit card to pay for your groceries. where does the money
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!