--%>
Assignment Help - homework help

Decrease prices as firms enter the industry

When most firms in a competitive industry experience economic profits, in that case long run competitive pressures tend to cause: (w) greater economic profits. (x) prices to decrease as firms enter the industry. (y) industry output to fall. (z) several firms to leave the industry.

Hello guys I want your advice. Please recommend some views for above Economics problems.

   Related Questions in Microeconomics

  • Q : Boycotts concerning problem People who

    People who decline to buy the products of a firm whose activities they disapprove, especially whenever such rejection is intended to support the employees who are on strike, and who advise others to not purchase such products, or to not deal with these firms, are enga

    		•
  • Q : Profit Maximization in Labor Markets

    Can someone help me in finding out the right answer from the given options. All the profit maximizing firms use labor up to the point where: (1) VMP = MFC. (2) VMP = w. (3) VMP = MRP. (4) MRP = MFC. (5) MR   MC is maximized.

    		•
  • Q : Who tries to buy low in expectation for

    A person who tries to buy low within expectation of being capable to sell high later is: (w) profiteer. (x) speculator. (y) financial intermediary. (z) capital supplier. Hello guys I want your advice. Please recommend some views fo

    		•
  • Q : Effect of minimum wage laws in

    The Minimum wage laws might efficiently raise employment: (i) When the set wage value surpasses labor market equilibrium. (ii) In industries of profoundly exercised monopsony power. (iii) In no condition; higher minimum wage floods the labor supply and lower minimum w

    		•
  • Q : Value of a product according place I

    I have a problem in economics on Value of a product according place. Please help me in the following question. The ice has a higher price in Texas, Dallas than Anchorage and Alaska. The raised value of the ice is due to its changing: (i) Form. (ii) Po

    		•
  • Q : Formally effective a cartel To form and

    To form and effectively keep a cartel over time needs that the: (w) bulk of output be produced and sold by a minute number of cartel members. (x) product be relatively heterogeneous. (y) demand for the product be highly elastic. (z) government totall

    		•
  • Q : Meritocracy in System of Distribution

    An emphasis onto socioeconomic mobility based upon equality of opportunity, independently of inheritances of land or else physical capital, which is a centerpiece of a system of distribution termed as: (1) meritocracy. (2) laissez faire capitalism. (3

    		•
  • Q : Effects of Imperfect information

    Imperfect information at times causes consumer’s attempts to make best use of their satisfaction to fail since: (1) Expectations are imperfectly realized and trial-and-error patterns can lead to the mistakes. (2) Sellers might misrepresent the c

    		•
  • Q : Demand curves rightward of potential

    Monopolistically competitive firms advertise in try to shift their: (1) own supply curves leftward. (2) competitors' costs upward. (3) existing customers' demand curves leftward. (4) tax burdens to resource suppliers. (5) potential customers' demand c

    		•
  • Q : Scope of spiral and waterfall approach

    Explain the difference in changing the scope between a spiral approach and a waterfall approach?

    		•