0
Economic profits result whenever only a few large competitors are active in a given market?
Wiki User
∙ 11y ago
This statement is not true, and reflects a simplistic view of the link between the
number of competitors and the vigor of competition. Holding buyer power constant, competition can sometimes be fierce in markets that involve only a handful of competitors. Similarly, markets involving several competitors may have little or no effective competition. For example, despite the fact that there are relatively few providers of general aviation equipment, competition for new plane orders is often fierce and suppliers seldom earn above-normal profits. On the other hand, textile and agricultural markets involve thousands of competitors that are sometimes sheltered from import competition by trade barriers and government price support programs. To accurately assess the vigor of competition in any given market, one must carefully analyze market structure (including the number and size distribution of competitors), competitor behavior and industry performance.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the opposite of laissez-faire economic policy?
Active government intervention
What are the similarities of the economic lives of the early Filipinos and Filipinos today?
The early Filipinos were economically self-sufficient, but they did have engage in active trade with Cambodia and China. Filipinos today engage in all of the economic activities of the modern world. They work in every economic sector from banking to technology.
What president was disgraced after causing deep economic depression by imposing embargo and out of active national politics for almost a decade?
Thomas Jefferson by Janieka Carroll
What East-Asian country has become increasingly active in purchasing and investing in the development of Africa's natural resources which it needs to fuel its own rapid economic growth?
China
How does poverty make it difficult for democracy to flourish?
For two primary reasons, poverty makes it tremendously difficult for democracy to flourish. First, a democracy thrives through economic vitality -- the movement of money, goods, and services through all levels of social markets. Second, a democracy thrives through active participation of its citizens: impoverished citizens must focus on basic economic survival rather than the more general good of (and active political participation in) society.
Is passive boice a good army writing standard?
No. Whenever possible, use active voice.
What time of winter is dog sledding active?
Well whenever it snows and there is a dog sledding tournament.
What is the opposite of laissez-faire economic policy?
Active government intervention
What is the opposite of a leissez-faire economic policy?
Active government intervention
Whenever sodium ions are reabsorbed through the wall of the renal tubule be active transport chloride ions are?
reabsorbed by active transport
What is the active ingredient and it's chemical formula in Pepto Bismol and equvalent generic brands?
Bismuth subsalicylate is the active ingredient in Pepto Bismol and its genetic competitors. It helps relieve gastrointestinal distress such as diarrhea or nauseousness.
What is a dormant partnership?
A partner who takes no share in the active business of a company or partnership, but is entitled to a share of the profits, and subject to a share in losses
How do I change where new layers are created by default on photoshop?
Whenever I create a new layer on Photoshop, it's always created above the active layer. Is it possible to change that behavior and make it so that whenever I create a new layer it's created below the active layer instead? My objective with this is so that whenever I import an image it goes below the previous one and not above.
Which party tended to support a program of active federal support for economic growth?
Republicians
What is stimulation of demand?
business firms can sell their products and services and make profits out of it only through active consumer demand. Dormant needs are useless until they become active demand. consumers desires are definitely important in Marketing
Who supported a program of active federal support for economic growth inlcuding high tariffs?
Republicans
Whenever I put the world of warcraft disc in my computer nothing happens what do I do?
Make sure that your auto-play for the CD drive is active.
