The exit of firms from an unprofitable industry a. will shift the market supply curve left. b.

Question:

The exit of firms from an unprofitable industry

a. will shift the market supply curve left.

b. will cause the market price to rise.

c. will increase the economic profits of the firms that remain.

d. will do all of the above.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Exploring Microeconomics

ISBN: 9781544339443

8th Edition

Authors: Robert L. Sexton

See More Books

Question Posted: May 19, 2024 03:02 AM

See More Questions

If customers do not have strong preferences across suppliers, they can Group of answer choices play suppliers off against one another. lose bargaining power when negotiating new contracts. increase...
Could you show me a step by step tutorial on how to solve this problem so I can understand and do it correctly for myself?
What is the most diplomatic response to the following statement from a team-member ?. We should try a different approach to this procedure! That might not work I'm afraid that won't work I'm not sure...
At what points are the function. y = x tan x 2 x + 1
The breakdown of glucose to pyruvate utilizes the free energy of 2 ATP molecules; however, the synthesis of glucose from pyruvate requires 4 ATP. Using the basic ideas of thermodynamics presented in...
The doorstop of negligible weight is pin connected at A and the coefficient of static friction at B is s. Determine the required distance s from A to the floor so that the stop will resist opening of...
(4) If you were in Simons role how would you balance being a company director and being conductor? Which position would you use in dealing with the situation, and what would you do?
Following is a partially completed balance sheet for Epsico, Inc., at December 31, 2010, together with comparative data for the year ended December 31, 2009. From the statement of cash flows for the...
George has been employed by SEC Corp. for the last 3 years. George participates in SEC's 401(k) plan. During his employment, George has contributed $8,000 to the 401(k) account. SEC has contributed...
What are constant-cost industries?
Which of the following is true? a. Economic profits encourage the entry of new firms, which shift the market supply curve to the right. b. Any positive economic profits signal resources into the...
Fill in the blanks with an appropriate word, phrase, or symbol(s). If the conditional statement referred to in Exercise 4 is not a tautology, then the argument is a(n) _____________ argument. Data...
Classic Auto Parts sells new and used auto parts. Although a majority of its sales are cash sales, it makes a significant amount of credit sales. During 2012, its first year of operations, Classic...
The following information is available for Market Inc. and Supply Inc. at December 31, 2012: Required a. What is the accounts receivable turnover for each of the companies for 2012 ? b. What is the...
Buck Novak, the chief executive officer of Novak Corporation, has assembled his top advisers to evaluate an investment opportunity. The advisers expect the company to pay $$400,000$ cash at the...
Verify the log-likelihood in equation (16.4) for the Tobit model. In L = = In { 1-0 (x-di)} 1:y=di 122. + (y; - x) 02 (16.4) i:y;>di
Milo Company is considering the purchase of new equipment for its factory. It will cost $$250,000$ and have a $$50,000$ salvage value in five years. 1 he annual net income from the equipment is...
How are the solution values for primal and dual linear programming problems actually employed in practice?
The time to assemble the first unit on a production line is 10 hours. The learning rate is 0.94. Approximately how long will it take for the seventh unit to be assembled? The number of hours needed...
In 2019, Sunland Company had a break-even point of $388,000 based on a selling price of $5 per unit and fixed costs of $155,200. In 2020, the selling price and the variable costs per unit did not...
11. String Conversion Given a binary string consisting of characters '0's and '1', the following operation can be performed it: Choose two adjacent characters, and replace both the characters with...
Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table. Callaway Golf (ELY) Alaska Air Group (ALK) Yum! Brands (YUM) Caterpillar...

The exit of firms from an unprofitable industry a. will shift the market supply curve left. b.

Question:

Step by Step Answer:

Exploring Microeconomics

Students also viewed these Business questions