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In the long run in a purely competitive industry entry and exit of firms can occur. True Or False?
MrAndyProcter
True
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∙ 8y ago
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Entry and exit in a purely competitive industry occur in the. True Or False?
Long run, so that long-run economic profits are zero.
Profits encourage entry into purely competitive industries and losses encourage exit from purely competitive industries because?
When profits are zero, the firm is earning sufficient revenue to cover the opportunity cost.
What is an example of a competitive industry and why is it competitive?
The smartphone production industry is one of the most highly competitive industries in the US at this time. The main competitors include Apple (iPhone), Research in Motion (Blackberry), and Palm (Treo), along with other competitors as well. The definitive explanation of the level of competition in an industry has been presented by Michael Porter. The amount of competition in an industry can be determined and described according to the the following: 1)barriers to entry into the industry, 2) available substitutes for the products produced by the industry rivals, 3) the power of the industry rivals over their customers, and 4) the power of the industry rivals' suppliers over the industry rivals.
What is de-regulation within the airline industry?
It is a process of removing entry and price restrictions on airlines Industry.
What is one of the primary characteristics of perfectly competitive markets?
Many buyers and sellers, free market entry and exit.
Entry and exit in a purely competitive industry occur in the. True Or False?
Long run, so that long-run economic profits are zero.
Profits encourage entry into purely competitive industries and losses encourage exit from purely competitive industries because?
When profits are zero, the firm is earning sufficient revenue to cover the opportunity cost.
What is an example of a competitive industry and why is it competitive?
The smartphone production industry is one of the most highly competitive industries in the US at this time. The main competitors include Apple (iPhone), Research in Motion (Blackberry), and Palm (Treo), along with other competitors as well. The definitive explanation of the level of competition in an industry has been presented by Michael Porter. The amount of competition in an industry can be determined and described according to the the following: 1)barriers to entry into the industry, 2) available substitutes for the products produced by the industry rivals, 3) the power of the industry rivals over their customers, and 4) the power of the industry rivals' suppliers over the industry rivals.
The textual link to the bibliography entry is usually the author's surname true or false?
false
Is this statement true or false It is not necessary to date each entry in your data log.?
False
Exit barriers low or high in pharmaceutical industry?
what are the entry barriers in pharmaceutical industry?
What are the Barriers to entry of hotel industry?
to many hotels
What is the entry level mechanical engineers salary.?
It varies from industry to industry, region to region and organization to organization.
What is de-regulation within the airline industry?
It is a process of removing entry and price restrictions on airlines Industry.
What do you mean by entry strategy?
An entry strategy is the plans businesses develop when they are entering a competitive market. They may be planning to penetrate the market by being the low price leader.
What is one of the primary characteristics of perfectly competitive markets?
Many buyers and sellers, free market entry and exit.
What is a statement concerning a hole of entry or false crater.?
en though a UXO is buried...
