As new firms enter an existing industry, it can be expected that the
a. market price will increase
b. output of existing firms will increase
c. profit of existing firms will increase
d. market demand should decrease
e. profit of existing firms will decrease
E
Economics
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Which of the following Gini ratios would indicate the least amount of income inequality?
A. 0.20 B. 0.40 C. 0.60 D. 0.80
Economics
Fixed investment is
A. when a firm accumulates profits. B. dissavings. C. an expenditure by firms on new machines that are expected to produce income in the future. D. when a firm adds to its inventories of goods.
Economics