--%>
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 : Ratio of Wealth and Poverty In 1980

    In 1980 year, the chief executive officers that stand for CEOs of main corporations had income which averaged roughly 40 times as much as the workers they working. In 2005, such ratio is less than: (1) twenty to one. (2) forty to one. (3) one hundred

    		•
  • Q : Substitution effects resulting from

    The Law of Demand mainly relies heavily on the: (1) Buying power consequences of relative price modifications. (2) Substitution effect resultant from the relative price changes. (3) Increase in opportunity costs as income is worn out. (4) Principle of the non satiety.

    		•
  • Q : When are average and outputs prices of

    Average and Outputs prices for CDs and DVDs both rose throughout 1999 to 2000 (before the start of Napster and subsequent file-sharing software), which implying: (1) supply of prerecorded music should have grown. (2) law of demand doesn’t apply

    		•
  • Q : Problem regarding goals of Labor Union

    I have a problem in economics on goals of Labor Union. Please help me in the following question. Trade unions are reasonably supposed to try to maximize merely: (1) Wage rate. (2) Level of employment. (3) Total wage costs paid by the employers. (4) No

    		•
  • Q : Problem regarding to trade restrictions

    When the U.S. imposes quotas which restrict imports of textiles from China, this decrease the: (w) demand for textiles within the U.S. (x) supply of Chinese textiles to Europeans. (y) supply of textiles in the U.S. (z) incomes of U.S. textile makers.

    Q : Problem on coefficient of income

    Refer to the following diagrams give the answer of following question. In which case would the coefficient of income elasticity be positive? 1) A 2) B  3) C  4) D    

    Q : Road charging-an end to congestion

    ‘State the economic arguments on whether big cities which have congested roads must charge a road tax?’

    		•
  • Q : Outsourcing affect the economy Explain

    Explain how does outsourcing affect the economy?

    		•
  • Q : Short-run Demand for Labor Short-run

    Short-run demand for the labor would be LEAST affected by the: (i) Productivity of resource. (ii) Prices of substitute resources. (iii) Demand for goods generated by the resource. (iv) Fixed costs of firm. Can someone please help m

    		•
  • Q : Define multiplier Multiplier : It is

    Multiplier: It is the number by which change in investment should be multiple in order to find out the resultant change in income and output.

    		•