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What happens if competition decreases in a certain industry?
Competition helps to keep the quality high and prices down. If competition decreases, the quality can go down and the prices can go up in that industry.
What are the resources allocation under perfect competition?
In economics, perfect competition is a structure that allocates resources as efficiently as possible. When this happens, price and marginal cost are equal.
What do you call a business that controls a market and no competition?
A monopolistic firm is a firm that controls the market. This is only possible with scarce competition (little to none.) The market structure is called a monopoly when this happens.
When CPI decreases what happens to real GDP?
it decreases also
What happens when the demand for a product decreases?
When demand decreases, supply increases.
What happens if competition decreases in a certain industry?
Competition helps to keep the quality high and prices down. If competition decreases, the quality can go down and the prices can go up in that industry.
What happens in the density of the air as you ascend in the atmosphere?
As you ascend in the atmosphere, the air density decreases. This happens because the pressure decreases with altitude, causing the air molecules to spread out, resulting in lower density.
What are the resources allocation under perfect competition?
In economics, perfect competition is a structure that allocates resources as efficiently as possible. When this happens, price and marginal cost are equal.
What do you call a business that controls a market and no competition?
A monopolistic firm is a firm that controls the market. This is only possible with scarce competition (little to none.) The market structure is called a monopoly when this happens.
What happens to volume if the radius and height decreases?
The volume decreases!
When CPI decreases what happens to real GDP?
it decreases also
What happens to the enthalpy in a balloon?
It decreases
What happens when markets don't have enough competition?
1. What happens when markets do not have enough competition?
When demand decreases and supply decreases what happens?
prices go higher
What happens when the demand for a product decreases?
When demand decreases, supply increases.
As the wavelenght decreases what happens to the waves frequency?
As the wavelength decreases, the frequency of the waves increases. This is because frequency and wavelength are inversely proportional - as one decreases, the other increases, according to the equation: speed = frequency x wavelength.
As you walk into the cold locker room the temperature of the helium inside your balloon decreases What happens to its volume?
The volume of the balloon decreases as the temperature decreases because the particles inside the balloon move more slowly and become more closely packed together, causing the balloon to shrink. This is because gases contract when they are cooled.
