Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Experience the ease of finding reliable answers to your questions from a vast community of knowledgeable experts. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

When New Firms Enter A Market, Existing Firms Will Sell Than Before, And Their Market Power Will Less More B. When Firms Exit A Market, Remaining Firms Will Sell Than Before, And Their Market....
a. When new firms enter a market, existing firms will sell (less more) than before, and their market power will b. When firms exit a market, remaining firms will sell (less more ) than before, and their market power will c. If there is free exit from and entry into an industry, long-run economic profits will be (equal to zero positive negative) for firms in that industry.

Sagot :

ogorwyne

1. When New Firms Enter A Market, Existing Firms Will Sell Than Before, And Their Market Power Will decrease

2. When firms exit the market, remaining firms will sell more than before. And market power will increase.

3. If there is free exit from and entry into an industry, long-run economic profits will be equal to zero.

What is meant by market entry?

Market entry refers to all the steps used to introduce a good or service to a new market, whether that market is a new nation, group of people, or client base.

Economists use the phrase "free entry" to refer to a situation in which producers can freely enter the market for an economic good by starting production and selling the commodity. In a similar vein, free exit happens when a firm is free to leave the market when it experiences financial losses.

Read more on  market entry here:https://brainly.com/question/17486260

#SPJ1

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We hope this was helpful. Please come back whenever you need more information or answers to your queries. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.