If the perfect competitor is losing money in the short run, what happens in the market to
Question:
If the perfect competitor is losing money in the short run, what happens in the market to drive up price?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
In a perfectly competitive market if firms are losing money in the short run several factors can dri...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Which of the following best describes employees suppliers and governments? a.These are examples of organisational stakeholders. b.These are rarely considered in organisational behaviour theories....
-
For each of the following transactions for the SkyBlue Corporation, give the accounting equation effects of the adjustments required at the end of the month on December 31, 2014: a. Received a $600...
-
Let L be a doubly linked list of length n stored in arrays key, prev, and next of length m. Suppose that these arrays are managed by ALLOCATE-OBJECT and FREE-OBJECT procedures that keep a doubly...
-
Consider an object of characteristic length \(0.015 \mathrm{~m}\) and a situation for which the temperature difference is \(10^{\circ} \mathrm{C}\). Evaluating thermophysical properties at the...
-
The Taylor Corporation has a machining facility specializing in jobs for the aircraft- components market. Taylors previous simple job- costing system had two direct- cost categories (direct materials...
-
Norma Electronics sell its products for cash and on credit. It usually provides 6 % of its credit sales as allowance for bad and doubtful debts. In the month of April 2 0 x 1 , Norma Electronics...
-
Can you think of any dot-coms that may be considered perfect competitors?
-
At the output at which MC = MR, suppose that price were higher than AVC but lower than ATC. What should the firm do in the short run and the long run? Explain your answer.
-
A researcher wishes to see if the average number of sick days a worker takes per year is greater than 5. A random sample of 32 workers at a large department store had a mean of 5.6. The standard...
-
A bank purchases $60,000 in bonds from a bond dealer who has a checking account at the bank. show how the bank's balance sheet be affected by this change. Only list the changes on your balance sheet....
-
ROA of a company is 8.57%, Total assets end of the year of 2021 are $9.6 million, ROE is 14% and Profit margin of 19.9% what is the firms value of net income? and what is stockholders equity?
-
Gene and Tina are playing darts. Gene hasn't played before and when he throws his first dart, he throws it from exactly the same height as the bullseye and throws horizontally at the bullseye. He...
-
There are FIVE (5) characteristics that influencing an innovation's rate of adoption. Explain how each of these characteristics would affect your adoption of an electric car that travels up to 40...
-
2. A stock has market price $45 and pays a $2 dividend quarterly. The next dividend is payable one month from now. The risk free interest rate is 6%. Three month European options with strike price K...
-
Megans Law provides that all states are now required to have all convicted sex offenders register so that residents are aware of their presence in a neighborhood. The law is named for Megan Kanka, a...
-
The electric field due to a line charge is given by where l is a constant. Show that E is solenoidal. Show that it is also conservative. E =
-
1. Advertising for eyeglasses _________ (increases/decreases) the price of eyeglasses because advertising promotes _________. 2. An advertisement that succeeds in getting consumers to try the product...
-
1. Advertising for eyeglasses _________ (increases/decreases) the price of eyeglasses because advertising promotes _________. 2. An advertisement that succeeds in getting consumers to try the product...
-
1. A market is considered unconcentrated if the Herfindahl-Hirschman Index (HHI) is below _______and is highly concentrated if the HHI is at least ______. 2. For a market with four firms, each with a...
-
General Mills, the makers of Betty Crocker baking mixes and cereals such as Cheerios, had a contract with the local grocery store, FoodMart, where FoodMart would purchase boxes of cereal and various...
-
1. Romeo, an engineer, owns RR Consulting. Carmen, his wife, is not formally part of the business. In fact, Romeo has repeatedly insisted that she must stay out of the office, but she often ignores...
-
Lawrence is charged with arson. The allegation is that he burned down his shoe shop "Mr. Heels" because he was losing money. He could not compete with the "Costless Shoes" that had opened a big shop...
Study smarter with the SolutionInn App