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What happens to supply when more producers enter the market?
Supply goes up, so competition rises - and prices should go down, unless demand increases comeasurately.
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 when demand of a good Increases?
Given supply, if demand of any good increases it raises the prices of the good.
What happens when goods become scarce?
the prices increases, and the goods become expensive.
What happens to profits as firms leave an industry?
When a firm closes down its business, it implies less competition in the field and hence, lesser need to cut prices and stay afloat. Therefore, though a firm shuts down, the overall profitability increases. It has been said that competition is waste, monopoly is efficient.
How does a monopoly increases a corporations profits?
by eliminating competition to control prices
What happens to competition between individuals as population size increases?
This is why you don't use Answers.com! COMPETITION **** :)
What happens to supply when more producers enter the market?
Supply goes up, so competition rises - and prices should go down, unless demand increases comeasurately.
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 when demand of a good Increases?
Given supply, if demand of any good increases it raises the prices of the good.
What happens when goods become scarce?
the prices increases, and the goods become expensive.
Which condition increases prices and allocates goods and services to people who pay the most for them?
increased competition among buyers
What happens when umemployment increases during an ression?
People are out of work and prices go up.
What happens to profits as firms leave an industry?
When a firm closes down its business, it implies less competition in the field and hence, lesser need to cut prices and stay afloat. Therefore, though a firm shuts down, the overall profitability increases. It has been said that competition is waste, monopoly is efficient.
What According to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
When the price of a capital good increases what happens to the prices of related consumer goods and services Why?
Prices increase due to the increase in production costs.
When the price of a capital good increases what happens to the prices of related consumers goods and services?
Prices increase due to the increase in production costs.
