What is likely to happen if many new businesses enter a market?
Industry profits will increase
Industry capacity will fall
Competitive rivalry will intensify
Barriers to entry will rise
Competitive rivalry will intensify
Economics
You might also like to view...
A model is a simplified representation of an object or situation that includes enough of the key features to be useful
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following could be the cross-price elasticity of demand for two goods that are complements?
a. -1.3 b. 0 c. 0.2 d. 1.4
Economics