
When existing firms in a competitive market are profitable,which of the following has an incentive
A) new firms to seek government subsidies that would allow them to enter the market
B) new firms to enter the market, even without government subsidies
C) existing firms to raise prices
D) existing firms to increase production
Correct Answer:
Verified
Q135: Figure 14-7
In the figure, panel (a) depicts
Q136: When firms have an incentive to exit
Q137: Table 14-5
A firm in a competitive market
Q138: When will a firm exit a market
A)if
Q139: Table 14-4
A firm in a competitive market
Q141: As a general rule,when accountants calculate profit
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