a-rise and product diversity in the market increases rise and product diversity

Question

a-rise and product diversity in the market increases

rise and product diversity in the market decreases

decline and product diversity in the market increases

decline and product diversity in the market decreases

--------

firms that are price searchers

will eventually find and charge the highest price at which consumers will purchase any units

face inelastic demand curves for their products

do not confront riva sellers

face a downward sloping demand curve

------------

an important variable that is left out of economic models is

implicit costs

excess profits

entrepreneurship

opportunity cost of resources

----------------

in both price taker and competitive price searcher markets, when an increase in market demand disrupts a long run equilibrium, it will lead to?

higher short run prices and long run profits

higher short run prices and sort run profits, and the the entry of additional firms into the market

higher short run prices and the exit of firms from the market due to economies of scale

no change in prices in the short run but new firms will enter long run

As new firms enter a competitive price-searcher market profits of existing firms? a-rise and product diversity in the market increases rise and product diversity in the market decreases decline and product diversity in the market increases decline and product diversity in the market decreases firms that are price searchers will eventually find and charge the highest price at which consumers will purchase any units face inelastic demand curves for their products do not confront riva sellers face a downward sloping demand curve ------------ an important variable that is left out of economic models is implicit costs excess profits entrepreneurship opportunity cost of resources ---------------- in both price taker and competitive price searcher markets, when an increase in market demand disrupts a long run equilibrium, it will lead to? higher short run prices and long run profits higher short run prices and sort run profits, and the the entry of additional firms into the market higher short run prices and the exit of firms from the market due to economies of scale no change in prices in the short run but new firms will enter long run

Explanation / Answer

decline and product diversity in the market increases

face a downward sloping demand curve

higher short run prices and long run profits

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.