--%>

Long-run competitive pressures in purely competitive firm

When economic losses are widespread within a purely competitive industry, in that case long-run competitive pressures tend to cause: (i) accelerating economic losses. (ii) prices to fall while firms leave the industry. (iii) production costs to fall when prices rise as firms leave the industry. (iv) each firm ultimately staying in the industry to produce less. (v) resources to become more expensive.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Condition for long-run equilibrium

    Which of the given is NOT a condition for long-run equilibrium into a purely competitive market: (w) P = MC (x) MR = MC (y) P = LRAC (z) TFC = TC Can anybody suggest me the proper explanation for given problem rega

  • Q : Inequality of Income in Loren Curve A

    A Lorenz curve which is more bowed away from a 45 degree line indicates larger: (w) degrees of economic competition. (x) success for anti poverty programs. (y) equality of income. (z) inequality of income. How can

  • Q : Conscious Interdependence Oligopolists

    Oligopolists enter within formal or informal arrangements to fix prices within attempts to: (1) stabilize prices to customers. (2) compete more effectively along with foreign competitors. (3) reduce the price elasticity of market demand.  (4) max

  • Q : Predictable results of unexpected

    Predictable results of unexpected development of demand for a competitively produced good comprise increases and in that case gradual decreases in the: (w) price of the good and the profits of producers. (x) consumer surplus derived from the good. (y)

  • Q : Lower value in the Gini index A lower

    A lower value for the Gini index tends to be related with: (w) increasing equality of the distribution of income or wealth. (x) decreases in the population’s total amount of income or wealth  (y) increased on the whole curvature of the Lore

  • Q : Price elasticity of demand when prices

    When the prices of generic yachts rise by $500,000 to $600,000, causing yearly sales to drop from 30,000 to 10,000, in that case the price elasticity of demand for such yachts equals: (w) 11.00. (x) 2.75. (y) 5.50. (z) 13.75.

  • Q : Effect of Increase in per capita income

    Rises in per capita income in the United States would be most probable to reduce the: (i) Demands for lard, pinto beans, and utilized tires. (ii) Excesses in the federal govt. budget. (iii) Supply of untrained labor relative to skilled labor. (iv) Tot

  • Q : Determine price of unitary price

    St. Valentine’s Day software is currently going in version of 6.0. At this point on the demand curve where the price elasticity of demand is unitary, there the price would be approximately: (i) $20, resulting in roughly 16 milli

  • Q : How is Economic policy more scientific

    Which of the given LEAST describes the widespread but erroneous view which economists seldom agree: (1) The media focuses upon controversy, not agreement. (2) Political considerations, more than economic logic, find out policies. (3) Some economists may feel obligated

  • Q : Determine total revenue with formula

    Please help me to solve the problem of total revenue that is given below: Total revenue can be computed by the formula as: (w) P + Q. (x) P * Q. (y) ep * P. (z) ep * Q. Hello gu