When new firms enter a perfectly competitive market,
a. entering firms will earn zero economic profit upon entry into the market.
b. economic profits of existing firms will continue to be zero.
c. prices will rise as existing firms raise prices to keep new firms out of the market.
d. existing firms may see their costs rise if more firms compete for limited resources?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When new firms enter a perfectly competitive market, a. entering firms will earn zero economic profit upon entry into the market. b. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What does 'trust' mean in business?
Answers (1)
Musical Charts just paid an annual dividend of $1.84 per share. This dividend is expected to increase by 2.1 percent annually. Currently, the firm has a beta of 1.12 and a stock price of $31 a share. The risk-free rate is 4.
Answers (1)
A lump sum of $5,000 is invested at 10% per year for five years. The company's cost of capital is 8%. Which is true?
Answers (1)
Roommates sarah and zoe are hosting a halloween party and have to make food for their guests and costumes for themselves.
Answers (1)
What best describes a disadvantage of creating a series of protected habitats in an effort to maintain biodiversity in an area?
Answers (1)
New Questions in Business
The amortization of a bond premium will result in reporting an amount of interest expense for an interest period that:a. is less than the amount of cash to be paid for interest for the period. b.
Answers (1)
When market conditions in a competitive industry are such that firms cannot cover their total production costs, then?
Answers (1)
In 1999, the bureau of labor statistics reported that? died from electrocutions at work, accounting for almost? of all on-the-job fatalities that year.
Answers (1)
Green Yard Care has net income of $62,300, a tax rate of 21 percent, and a profit margin of 6.7 percent. Total assets are $1,100,500 and current assets are $328,200.
Answers (1)
A company pays $19,000 per period to rent a small building that has 10,400 square feet of space. This cost is allocated to the company's three departments on the basis of the amount of the space occupied by each.
Answers (1)