Answer:millennials earn less today than 25-34 years old did in 1989
Explanation:
The assumption about the U.S. workforce that is true will be that the young college graduates are earning less than they used to. Thus option (A) is correct.
What is workforce?A workforce refers to the group of people who are employed or available for employment in a particular industry, organization, or country. It includes both the employed and the unemployed who are actively seeking work.
The workforce is a crucial aspect of the economy and plays a significant role in the growth and development of a country. A skilled and efficient workforce can help increase productivity, improve innovation, and drive economic growth.
The young college graduates are earning less than they used to is the true assumption about the U.S. workforce. Therefore, option (A) is correct.
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The complete question might be:
Which assumption about the U.S. workforce is true?
Young college graduates are earning less than they used to.
More people participating in organized religion.
People in the United States are no longer able to perform manual labor.
The wage gap between men and women is increasing.
If the price of peanut butter increases by 25%, causing the quantity demanded of almond butter to rise by 5%, then the cross-price elasticity for peanut butter and almond butter is:
The cross price elasticity formula is a formula for calculating the cross price elasticity (XED) of demand for two distinct products or services.
In a linear demand curve, the price elasticity of demand depends on the interval over which it is measured. In a linear demand curve, the absolute price elasticity of demand decreases as you move down the curve to the right. Also known as the cross-price elasticity of demand, this measure is calculated by dividing the percentage change in the quantity demanded of one commodity by the percentage change in the price of the other commodity.
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loss aversion is defined as: selling a security as soon as it has increased significantly in value. the reluctance to sell a security after it has decreased in value. the tendency to quickly sell any investment that has decreased in value. selling any security for less than the price paid to acquire it. the inability to mentally acknowledge a loss on a security.
Loss aversion is described as the reluctance to sell a security after it has decreased in value.
So, the correct option is B.
In behavioral finance, there is a tendency called loss aversion where investors put more of their attention into trying to avoid a loss than into making gains. One's propensity for loss aversion increases with the number of losses one endures. Investors experience the pain of a loss more intensely than other types of people, according to research on loss aversion.
People who are loss-averse will go to great lengths to avoid losses rather than benefit from them. Persuade your buyer that if they stick with the status quo, they will suffer losses. Consider using a "loss pitch" instead of a "benefits pitch," which is much more powerful. They experience the pleasure of making a profit twice as strongly.
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under which act (or acts) may criminal charges against a cpa be filed? securities act of 1933 securities exchange act of 1934
The Securities Act of 1934 includes provisions for criminal charges against persons violating the Act.
What is the Securities Act of 1934?
AN ACT To prevent unfair and unethical actions on such exchanges and marketplaces, to regulate over-the-counter markets that trade securities and operate in international and domestic commerce through the mail, as well as for other objectives.Who is covered by the SEC Act of 1934?
Companies must submit yearly and other periodic reports to the SEC if they have $10 million or more in assets and more than 500 owners of their securities. Through EDGAR, the Commission's online filing platform, it makes this information accessible to all investors.Learn more about The Securities Act of 1934
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the u.s. aggregate demand curve would shift to the left if part 2 a. there was a tax decrease. b. the economic conditions in europe improved. c. the federal reserve board caused the real interest rate to increase. d. the foreign exchange rate of the dollar decreased.
The US demand curve would shift to the left if the federal reserve board caused the real interest rate to increase, which means option C is the right answer.
The demand curve refers to the graphical representation of the relationship between the price of a goods or services and the quantity demanded for a given time duration. When the prices of any commodity increases, its demand decreases and vice versa. Hence, the demand curve would be a decreasing downward slope from left to right. A reduction in the interest rate increases the quantity of money demanded. Variations in demand curves are due to the following factors:
1. Changes in the prices of items
2. Changes in the demand and supply of any item
3. Change in population
4. Variability in the income of population
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How have recent policy changes and supreme court rulings impacted the campaign finance process?.
Congress is involved in election administration, and the Federal Election Commission regulates federal candidates, but states regulate campaign finance.
What is Campaign Finance process ?Campaign finance, also known as election finance or political donations, is the money raised to support candidates, political parties, policy initiatives, and referendums.Though states must foot the bill for elections and any campaign finance regulations, the federal government retains judicial review in the form of U.S. Supreme Court rulings.These decisions, which are binding on all 50 states, frequently force states to amend or completely change their election protocols. Each state is also subject to local and federal court decisions.Political parties, charitable organisations, and political action committees are all vehicles for political fundraising. "Political finance" is another popular term that is used internationally due to its breadth. Political donations are private funds received by political parties for general administrative purposes.To learn more about Campaign Finance refer :
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making a loan to another party is considered an investing activity on the statement of cash flows. group startstrue or false
Making a loan to another party is considered an investing activity on the statement of cash flows is true as loaning cash is a cash outflow for investing activities.
As the loans made and gathered (which includes the interest) are a part of a governmental application, the loan sports are mentioned as running sports, in place of making investment sports.
The coins inflows acquired through short-term bank loans and the coins outflows used to pay off the main amount of brief-term financial institution loans are mentioned within the financing activities section of the announcement of coins flows.
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one way that investors contribute capital to the firm is by: multiple choice letting their warrants expire unexercised. the company plowing back part of its earnings. increasing the amount of treasury stock. paying less than par value for the stock.
A portion of the company's profits were reinvested. was as mentioned increasing the amount of treasury stock. paying less than par value for the stock.
Plowing back earnings refers to the practice of not distributing income but rather keeping it in reserve and investing it back into the company.
Treasury stock, also referred to as reacquiring stock, describes outstanding shares that were formerly owned by a firm and are later purchased back by its shareholders. Treasury stock does not have much value, but it does offer a way to increase the price of shares, which benefits investors.
Treasury stock typically represents the number of shares that have been bought back on the open market in the shareholders equity section of the balance sheet, thereby reducing shareholder's equity by the price of the stock.
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Drew has invested in iwad records. he owns three par value $1,000 bonds from them, which are currently selling for 99.773. he also owns 600 shares of iwad records stock, the current value of which is $5.28 per share. if, when drew made his investment, iwad records bonds had a market price of 94.561 and stock in the same company sold for $5.00 per share, which investment has increased in value more, and by how much? (hint: difference/original) a. the value of drew’s bonds has increased by $4.83 more than the value of his stocks. b. the value of drew’s bonds has increased by $9.87 more than the value of his stocks. c. the value of drew’s stocks has increased by $11.64 more than the value of his bonds. d. the value of drew’s stocks has increased by $34.92 more than the value of his bonds.
Investment in share has increase more in value, by $11.64, in comparison to the investment in bond.
The increase in bond value:
The cost of the bond as an investment is: 3 x 1,000 x 94.561% = $2,836.83
The bond is currently worth $2,993.19 (3 x 1,000 x 99.773%)
=> Increase in bond value = 2,993.19 - 2,836.83 = $156.36
An increase in the share's value:
The investment cost per share was 600 times five, bond or $3,000.
600 times 5.28 equals $3,168 is the share's current value.
Hence, the increase in share value is $3,168 - 3,000, or $168.
As a result, the value of the investment in shares has increased more than the value of the investment in bonds, or by $11.64 more (calculated as: 168 - 156.36).
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Question 5 of 10
What could consumers do to help their community?
Consumers in various ways can help their community:
Promote Local Business- One of the most amazing ways of supporting your local area is to assist different organizations nearby. Purchase nearby as frequently as could be expected and saved a region of your site to connection to your neighborhood companies. Cross organizing with non contending organizations with comparative business sectors assists you with contacting more individuals and assist with outing other neighborhood entrepreneurs very much like you.Sponser an Event- Supporting a member in a neighborhood long distance race can be an extraordinary method for showing support , particularly on the off chance that you can uphold your own representatives who are partaking in such occasions.Adopt a Brick- Infrequently new urban structures will offer nearby occupants the choice of buying a block or stone,either on a walkway or building . Such a buy offers you the chance to add to advance while likewise partaking in a little exposure.To learn more about consumers from the given link:
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_____ is the study of the impact that changes in one or more variables of a decision-making model have on other variables.
Sensitivity analysis examines how changes to one or more variables in a decision-making model affect other variables.
Sensitivity analysis analyses the effects of different values of an independent variable on a certain dependent variable under a specified set of assumptions. Sensitivity analyses, in other words, examine how various sources of uncertainty in a mathematical model impact the model's overall level of uncertainty.
The comparison of sales results from advertisements that differ solely in whether or not they contain a certain piece of information is a simple use of sensitivity analysis in business. This analysis examines the effects of a certain piece of information being used in advertising by a business.
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as a manager, when you provide rewards or reprimand your subordinates, you are practicing transactional leadership.A. TrueB. False
The statement "when you praise or discipline your employees, you are exercising transactional leadership as a manager" is (A) true.
What is transactional leadership?Making sure that people, tools, and other resources are used effectively to complete a task is the main goal of task-oriented leadership behaviors.
When you praise or discipline your employees, you are exercising transactional leadership as a manager.
Business executives frequently practice transactional leadership, rewarding successful workers and punishing unsuccessful ones.
Sports teams also place a lot of emphasis on transactional leadership.
Results-driven, compliant with an organization's current structure, and measuring success in accordance with that organization's system of rewards and punishments are all characteristics of transactional leadership. In an organization, transactional leaders hold formal positions of authority and accountability.
Therefore, the statement "when you praise or discipline your employees, you are exercising transactional leadership as a manager" is (A) true.
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mackie co. manufactures hunting clothing. the standard variable costs to produce one batch of the big mac vests are as follows: direct material average cost is $6 per yard; average yards per batch is 20; direct labor average rate per hour is $12; average hours per batch is 4; variable overhead average rate per hour is $8; average hours per batch is 4. the standard monthly fixed costs are as follows: manufacturing overhead is $3,200; selling and administrative costs are $1,900. mackie co. produces 100 batches per month. (ten vests are produced in each batch.) what is the manufacturing cost per vest?
The manufacturing cost per vest is $23.20
Direct material average cost = $6 per yard
Average yards per batch = 20
Total direct material cost for 20 yards = 6*20 = $120
Direct material cost for 100 batches = 120*100 = $12000
Direct labour average rate per hour = $12
Average hours per batch = 4 hours
Total direct labour for 4 hours = $12*4 = $48
Direct labour cost for 100 batches = $48*100 = $4800
Variable overhead average rate per hour = $8
So, total variable overhead average rate = $8*4*100 = $3200
Monthly fixed cost = $3200
Selling and administrative cost = $1900
No. of batches produced = 100
Number of vests in each batch = 10
Total vests produced = 1000
Total cost = Direct material cost + Direct labour cost + Variable overhead cost + Fixed cost
= $12000 + $4800 + $3200 + $3200
= $23200
So, cost per vest = $23200/1000 = $23.20
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which type of factors result in a leadership behavior that has been effective in the past but is no longer working in a new situation?
The Fiedler's contingency theory is the appropriate response. This is a type of contingency theory that emphasizes or demonstrates how effective leadership is likely to be based on a specific situation and the numerous possible factors.
Leadership theories are the schools of thought that describe why and how particular people become leaders. These theories place a strong emphasis on the behaviors and characteristics that people can acquire to improve their own leadership abilities.
Early research on the psychology of leadership suggested that people are born with certain leadership traits.
One of the earliest views regarding leadership was the Great Man theory, which said that everyone has the capacity to lead and that leadership comes naturally to some people. Great Man was given the name because it was thought that men should hold positions of leadership.
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the major benefit of is that it gives a clear picture of current system functions before any modifications or improvements are made.
The major benefit of the four-model approach is that it gives an articulate view of current system functions before any changes or improvements are made.
A four-model method has the advantage of making the process of creating a logical and physical model of the existing system faster. The four-model approach creates physical, logical, physical, and physical models of the new system in addition to a physical model of the existing system.
The four-model approach has the drawback that new information system requirements almost always differ significantly from those of an existing system, especially when the approach is based on brand-new computer technology instead of a significant number of new requirements.
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if two companies making the same product and with the same total sales and total sales and total expenses, the contribution margan ratio will be
If two companies make the same product with the same total sales and total sales and total expenses, the contribution margin ratio will be greater in the business when a larger percentage of fixed costs make up its cost structure.
The difference between sales revenue and variable costs, or the amount of sales dollars available to cover fixed costs and make a profit, is known as the contribution margin. The contribution margin ratio is a way to measure it as a proportion of sales. By dividing the contribution margin ratio by the dollar increase in sales, it is possible to calculate the dollar increase in net operating income in the event that sales rise. We are aware that net income is the same as contributions minus fixed expenses. The revenue of a company less all variable costs, divided by the revenue, is the contribution margin ratio (CM ratio).
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Which form of marketing involves engaging directly with carefully targeted individual consumers and customer communities to both obtain an immediate response and build lasting customer relationships?.
Direct and digital marketing involves engaging directly with carefully targeted individual consumers and customer communities to both obtain an immediate response and build lasting customer relationships.
Digital marketing is the component of marketing that uses the Internet and online-based digital technologies such as desktop computers, mobile phones and other digital media and platforms to promote products and services.
Digital marketing can be broadly divided into eight main categories such as search engine optimization, cost-per-click, social media marketing, content marketing, email marketing, mobile marketing, marketing analytics and affiliate marketing.
Modern marketing is a holistic, agile, data-driven method of connecting brands to their ideal customers and driving targeted business outcomes. As a modern marketer, achieving this level of personalization requires a deep understanding of your customer
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crude oil is not an example of a factor of production, but when crude oil is processed into gasoline, it is a factor of production.
Crude oil is not an example of a factor of production, but when crude oil is processed into gasoline, it is a factor of production. The payment received by suppliers of entrepreneurial skills is called wages.
Gasoline, additionally spelled gasolene, also called gas or petrol, aggregate of volatile, flammable liquid hydrocarbons derived from petroleum and used as fuel for internal-combustion engines. it is also used as a solvent for oils and fats.
"fuel" (regularly shortened to "fuel") is an American word that denotes fuel for cars. The term is notion to have been motivated by using the trademark "Cazeline" or "Gasoline", named after the surname of British publisher, espresso service provider, and social campaigner John Cassell. Fuel is a mixture of many one-of-a-kind hydrogens- and carbon-containing chemical compounds (hydrocarbons). a normal gas combination contains about a hundred and fifty one-of-a-kind hydrocarbons, along with butane, pentane, isopentane, and the BTEX compounds (benzene, ethylbenzene, toluene, and xylenes).
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A research division of a large consumer electronics company has developed a new type of mp3 player. The project will require an immediate cash outflow of $1,665,321. The new project is expected to produce cash flows of $500,000 per year for 4 consecutive years beginning at the end of year one. What is this projects internal rate of return?.
Based on the project's financial flows electronic companies wishes to participate in, the the project's internal rate of return is 7.75%
year. cash flow
0. -16,65,321
1. 5,00,000
2. 5,00,000
3. 5,00,000
4. 5,00,000
IRR = irr(D4:D8)
= 7.75%
What is Internal Rate of Return (IRR)?
IRR is a statistic used in financial analysis to calculate the profitability of possible investments. In a discounted cash flow analysis, IRR acts as a discount rate to bring all cash flows' net present values (NPV) to zero.
The same formula used for NPV calculations is also used for IRR estimates. IRR is not the project's actual financial value, so keep that in mind. The NPV is equal to zero due to the annual return.
Generally speaking, the more desirable an investment is to make, the greater the internal rate of return. IRR can be used to rate a variety of potential investments or projects on a pretty even basis because it is consistent for investments of various types.
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dominick earned $7.25 per hour until his state raised the minimum wage to $12 per hour, at which time his pay was increased to $12. which law is the organization abiding by in this scenario? group of answer choices laws governing equal employment opportunity product market laws laws governing prevailing wages fair labor standards act (flsa) equal pay act
In this instance, the business is adhering to the laws government by the Fair Labor Standards Act (FLSA). , Thus, option (B) is correct:
What is government?The term government refers that the system which was governed by a state or a country in it, we see there are different governments are being there in states the government is made by the people and govern for the people also in it. There is a system being made and under the system, the government is being run.
A federal legislation known as the Fair Labor Standards Act (FLSA) sets minimum wages, eligibility for overtime pay, record-keeping requirements, and child labor laws that apply to full-time and part-time employees of the private sector as well as of the federal, state, and municipal governments.
Therefore, Thus, option (B) is correct:
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full-employment gdp refers to:multiple choice question.a decline in real output for at least two consecutive quarters.the short-term fluctuations experienced in the economy due to changes in levels of economic activity.a phase of the business cycle characterized by increasing real gdp income and employment.the level of real gdp produced in an economy when it is operating at the natural rate of unemployment.
Full-employment GDP refers to level of real GDP produced in an economy when it is operating at the natural rate of unemployment.
The OECD defines unemployment as people over a certain age who are not in paid employment or self-employment but are still actively seeking employment during the reference period. The number of unemployed people as a percentage of the labor force is used to calculate the unemployment rate, which is one way to measure unemployment. The market value of all the finished goods and services that nations produce and sell in a given time period is measured in dollars by their gross domestic product (GDP). This measurement is frequently revised before being regarded as a reliable indicator due to its subjective and complicated nature. (GDP) is the accepted unit of analysis for the value added produced by the production of goods and services in a nation over a specific time period.
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the axiomatic principles are flexible constructs that are developed to fit the realities of the business environment. is the statement true or false?
True, the axiomatic principles are adaptable frameworks created to fit the realities of the corporate world.
An unquestionable first principle, rule, or maxim that has attained broad acceptance or is thought to be deserving of such acceptance is referred to as a logical axiom. This acceptance may be based on self-evident support or a claim of inherent merit. Axioms need to be accurate because they serve as the basis of mathematics. If there are too few axioms, you can prove very little, and mathematics would not be very interesting. It is possible to prove almost anything when there are many axioms, but mathematics also gets tedious. The axiomatic method is a strategy for creating a complete system in accordance with established rules by utilizing logical inference from a collection of fundamental assumptions, such as axioms or postulates, which are constructed from a few simple phrases.
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What are the main differences between credit unions banks and finance companies?.
As previously stated, the primary distinction between banks as well as credit unions would be that banks were for enterprises that enrich respective shareholders, whereas credit unions were controlled by their members.
Credit unions were financial cooperatives that are not for profit. Any profits are returned to credit union members in the form of lower cost of borrowing as well as rising interest rates on bank deposits. Banks is from the other hand, are really for entities that distribute earnings solely to stockholders.
Credit unions provide many of the same services as banks, but typically are member-only, nonprofit financial institutions. Credit unions still collect fees like banks, although any profits were returned to individuals in the form of better or more cheap products.
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true or false: flash floods are smaller than regional floods and therefore result in fewer fatalities and less economic loss.
The statement is False. Flash floods are smaller than regional floods and therefore result in fewer fatalities and less economic loss.
Flash Flooding is possible anywhere. The normally tranquil streams and creeks in your community or area can end up raging torrents if heavy rain falls overhead -- or maybe upstream of your place! Flash Flooding can also occur on town streets and dual-carriageway underpasses.
Flash flooding also can be a result of giant rainfall released by using hurricanes and other tropical storms, in addition to the surprising thawing effect of ice dams. Human sports can also purpose flash floods to occur. While dams fail, a big amount of water may be released and spoil the whole lot in its route.
Flash floods are commonplace in barren region landscapes after heavy rainfalls and in regions with shallow soil depths above strong bedrock that limits the soil's ability to soak up rain. Since water runs downhill, rainfall will search for the bottom point in a capability pathway.
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coordinating the flow of all goods, services, and information among channel members, and throughout the channel, is referred to as
Coordinating the go with the drift of all items, offerings and facts amongst channel members, and during the channel, is cited as. logistics.
The required details for Logistics in given paragraph
Logistics is usually the targeted corporation and implementation of a complicated operation. In a preferred commercial enterprise sense, logistics manages the go with the drift of products among the factor of starting place and the factor of intake to satisfy the necessities of clients or corporations. The assets controlled in logistics might also additionally consist of tangible items which includes materials, equipment, and supplies, in addition to meals and different consumable items. In army science, logistics is worried with keeping navy deliver strains at the same time as disrupting the ones of the enemy, when you consider that an armed pressure with out assets and transportation is defenseless. Military logistics became already practiced within side the historic world and because the cutting-edge army has a enormous want for logistics solutions, superior implementations had been developed.
Logistics control is the element of deliver chain control and deliver chain engineering that plans, implements, and controls the efficient, powerful forward, and opposite go with the drift and garage of products, offerings, and associated facts among the factor of starting place and factor of intake to satisfy clients' necessities.
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athletic pursuits specializes in sporting equipment. recently, it has decided to add to its business units by opening a steakhouse near a convention center. this strategy is an example of
Sports equipment is the area of expertise for Athletic Pursuits. It recently made the decision to grow by opening a steakhouse close to a convention center. Conglomerate diversification is demonstrated by this tactic.
Conglomerate diversification: what is it?A growth strategy whereby a business aims to expand by incorporating completely unrelated items and markets into its current operation.
What is the primary justification for a conglomerate wanting to diversify?The goal of a conglomerate merger, according to Johnson, is to diversify the business and lower risk. The concept is that while one aspect of a business is doing poorly, another that is wholly unrelated to it may be doing well.
How is a conglomerate structured?A conglomerate is made up of a number of businesses that operate in different ways but are linked together to function as one unit. Conglomerates are frequently substantial, global businesses where one parent company owns an interest in a variety of different companies and enterprises.
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both kyle and victor believe that they have ownership of deed to a vacation cottage in northern michigan. their deeds both allegedly convey the same piece of realty on twin lake. kyle filed his deed with the county office in september 2008, and victor filed his in january 2009. in this situation, who has ownership of the vacation cottage?
Kyle filed his deed with the county office in September 2008, and victor filed his in January 2009. In this situation kyle has ownership of the vacation cottage.
In common law, a deed is any written document that is signed, witnessed, delivered, and, in some jurisdictions, sealed and that passes, affirms, or confirms an interest, right, or property. It is frequently connected to transferring (conveying) property titles. A document signed by a party to the deed has a lower rebuttable presumption of validity than the deed. A deed may be unilateral or bilateral in nature. Conveyances, commissions, licences, patents, degrees, and conditionally-executed powers of attorney are all considered deeds. Delivery is said to symbolically replace the traditional ritual of livery of seisin because the deed is the contemporary descendent of the mediaeval charter.
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frankie purchased a vehicle for business and personal use. in 2021, he used the vehicle 80% for business (10,300 business miles incurred equally throughout the year) and calculated his vehicle expenses using the standard mileage rate. frankie also paid $1,600 in interest and $500 in county property tax on the car. what is the total business deduction related to business use of the car?
If you use your automobile solely for commercial enterprise purposes, you may also deduct its complete price of possession and operation (subject to limits discussed later).
However, if you use the vehicle for both commercial enterprise and non-public purposes, you can also deduct solely the value of its business use.
Can I write my automobile price off as a commercial enterprise expense?If you financed a private vehicle
If you offered this vehicle the use of a vehicle loan, you may not be capable to write off your vehicle payment. However, you can write off a element of your vehicle mortgage interest. That's proper — your mortgage pastime counts as a car-related business expense, just like gasoline and vehicle repairs.
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https://brainly.com/question/25881160#SPJ4the table above shows the stock prices and multiples for a number of firms in the newspaper publishing industry. another newspaper publishing firm (not shown) had sales of $620 million, ebitda of $81 million, excess cash of $62 million, $11 million of debt, and 120 million shares outstanding. if the firm had an eps of $0.41, what is the difference between the estimated share price of this firm if the average price-earnings ratio is used and the estimated share price if the average enterprise value/ebitda ratio is used?
In a nutshell, the price-to-earnings ratio tells investors how much money they can expect to pay for one share of a company's profits. Because it indicates how much investors are willing to pay for every dollar of earnings, the P/E is sometimes referred to as the price multiple.
What is an appropriate earnings-to-price ratio?
However, many value investors use the range of 20 to 25 as the average P/E ratio to give you an idea of what the market average is.
What is meant by a high PE ratio?
The P/E ratio indicates how much investors anticipate growth from the businesses in which they invest. A high ratio indicates that investors are paying significantly more per share than the business is earning. This is common in new businesses that require a significant amount of investment capital, such as tech start-ups.
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which of the following is not necessary for a firm to engage in price discrimination? group of answer choices the firm must produce output for different buyers at different costs. the firm must sell a product that cannot be resold. the firm must be able to separate buyers by preventing resales from one customer to another. the firm must be able to identify different types of buyers.
A product that can't be sold again must be sold by the company. By limiting resales from one consumer to another, the company must be able to divide its customers' customers.
What does a business not need to practice price discrimination?All other possibilities are taken into account because they include consumers and how businesses will market their products, but the chosen option includes costs, which are not necessary to develop price discrimination methods.
What three conditions must be met for pricing discrimination?The business must first possess enough market strength. Second, it needs to pinpoint variations in demand depending on various circumstances or client groups. Third, the company needs to be able to safeguard its goods from being sold again to a different consumer group.
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suppose that some firms in a competitive industry are earning zero economic profits, while others are experiencing losses. all else equal, in the long run, we would expect the number of firms in the industry to?
Suppose that some firms in a competitive industry are earning zero economic profits, while others are experiencing losses. all else equal, in the long run, we would expect the number of firms in the industry to decrease
What is a competitive industry?Generally, In a market that is competitive, companies are free to join and leave the market at will, and there are few obstacles standing in their way.
For instance, the market for pizza restaurants in a particular major city may be very competitive due to the fact that anybody may choose to create a new pizza shop, and current owners can choose to shut their doors anytime they like.
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