When existing firms in a competitive market are profitable, an incentive exists

Question

When existing firms in a competitive market are profitable, an incentive exists for Answer new firms to seek government subsidies that would allow them to enter the market. new firms to enter the market, even without government subsidies. existing firms to raise prices. existing firms to increase production. When existing firms in a competitive market are profitable, an incentive exists for When existing firms in a competitive market are profitable, an incentive exists for new firms to seek government subsidies that would allow them to enter the market. new firms to enter the market, even without government subsidies. existing firms to raise prices. existing firms to increase production. new firms to seek government subsidies that would allow them to enter the market. new firms to enter the market, even without government subsidies. existing firms to raise prices. existing firms to increase production.

Explanation / Answer

new firms to enter the market, even without government subsidies.

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