answersLogoWhite

0

This is a very good reason for it in the Related Link below.

User Avatar

Wiki User

13y ago

What else can I help you with?

Continue Learning about Economics

Why do entries and exits help to improve resource allocation?

Losses result in exit and release resources to flow to markets where there are profits.


Assumptions of perfect competition?

this is a technical term which is used for no firm and consumer can directly affect the market price. Assumptions are: large no's of buyers and sellers. price taker price minimum perfect information homogeneous product perfectly elastics free entry or exits no transportation cost.


Is it good to buy and sell stocks when the market is down?

There is no good and bad about buying in a down market. Without a trading strategy, money is made in all market conditions... find a strategy that works for you in both up markets and down markets. Knowing when to buy, why to buying and where your exits are are more important than up or down market direction.


When firms exit in a competitive market their exit will?

When firms exit a competitive market, their exit typically leads to a reduction in supply, which can increase the market price for the remaining firms. This adjustment may allow the surviving firms to become more profitable, as the decrease in competition can lead to higher prices for goods or services. Additionally, the exit of firms can signal to the remaining players that the market conditions may need to change, prompting them to innovate or improve efficiency. Overall, firm exits help restore equilibrium in the market.


What role does the concept of "good" play in economics and how does it impact market dynamics?

The concept of "good" in economics refers to products and services that satisfy consumer needs and wants. In a market economy, the perception of a good as being valuable or desirable influences consumer behavior and market dynamics. When goods are perceived as "good," demand for them increases, leading to higher prices and competition among producers. This can drive innovation, efficiency, and economic growth. Conversely, if goods are not perceived as "good," demand may decrease, leading to lower prices and potentially market exits for producers. Overall, the concept of "good" plays a crucial role in shaping consumer preferences, market outcomes, and economic activity.

Related Questions

What are 2 reasons that poetry exits?

Music-orientation and repetitional scope are the two reasons for poetry's existence.


What are exits called in UK?

Exits are called exits, or way out


Can emergency escapes be locked for security reasons?

Emergency escapes, such as exits in buildings, should not be locked to ensure safe egress during emergencies. Locking these exits can create dangerous situations by preventing quick evacuation. However, security measures can be implemented, such as alarms or access control systems, to prevent unauthorized use while keeping the exits accessible in emergencies. Local building codes and safety regulations typically dictate the requirements for emergency exits.


How many exits are there in Virginia?

There are 173 exits in Virginia.


How many exits way were there in the colosseum?

There were 80 exits in the Colosseum


When was Exits created?

Exits was created on 2005-05-02.


Do nana exits?

My nana exits target when shes done shopping!


Who exits a military vehicle first?

The senior exits a military vehicle first


How many exits at the Melbourne zoo?

there are four exits at the Melbourne zoo. and matthias is awsome!


Does squidoo answer.com still exits?

squidoo answer.com still exits till now.


Does Jesus exits?

No


Why do freeway exits have numbers after the names?

Freeway exits are assigned numbers, usually in corrdination with the milemarkers. Some states however assign exits in sequence starting with 1 and ending with the last being however many exits the state has on that particular road.