When managers of firms in a competitive market observe falling profits, they may infer that the market is experiencing
a. a violation of conventional market forces.
b. over-investment.
c. the entry of new firms.
d. too few firms in the market.
c
Economics
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What might prompt a fresh college graduate to turn down the first job offer he or she receives?
A) They do not wish to begin working. B) They'd rather continue straight into graduate school. C) They expect a better job offer is right around the corner. D) All of the above.
Economics
If the price of inputs rises and foreign income rises:
a. Aggregate demand rises, but aggregate supply does not change. b. Aggregate demand falls, and aggregate supply rises. c. Aggregate demand and aggregate supply fall. d. Neither aggregate demand nor aggregate supply change. e. Aggregate demand rises, and aggregate supply falls.
Economics