![Braxtonw875](/avatars/34426.jpg)
Braxtonw875
30.07.2021 •
Business
When market conditions in a price-taker market are such that firms cannot cover their production costs, Group of answer choices the firms will suffer long-run economic losses. the firms will suffer short-run economic losses that will be exactly offset by long-run economic profits. some firms will go out of business, causing prices to rise until the remaining firms can cover their production costs. all firms will go out of business, since consumers will not pay prices that enable firms to cover their production costs.
Solved
Show answers
More tips
- F Food and Cooking What is the Right Thickness for a Perfect Cream Puff?...
- F Food and Cooking What can and cannot be eaten during Lent?...
- F Food and Cooking How to Find Your Zip Code?...
- W Work and Career Can Skill Alone Make You a Professional?...
- C Computers and Internet How to Top Up Your Skype Account Without Losing Money?...
- P Philosophy Unidentified Flying Object - What is the Nature of this Phenomenon?...
- F Family and Home Protect Your Home or Apartment from Pesky Ants...
- O Other What is a Disk Emulsifier and How Does it Work?...
- F Family and Home What does a newborn need?...
Answers on questions: Business
- B Business PLZZ HELP just need 50 words for a justification on this topicthat s allplits worth max points so pl make it good. Analyse how Nike has dominated globally throughout the...
- B Business Kendall Company has sales of 1,000 units at $60 a unit. Variable expenses are 30% of the selling price. If total fixed expenses are $30,000. The degree of operating leverage...
- B Business self sufficiency is inefficiency, and inefficiency can lead to poverty. explain this quote....
- B Business Hazardous wastes are characterized by being mainly...
- B Business Why is it important to avoid a one best way mentality concerning control systems? what are the consequences of applying the same type of control systems to all types of environments?...
- B Business What is deficit financing? a. the nation is making more money than it spends. c. the nation is making less money than it is spending requiring the government to borrow money....
- B Business elch Corporation is planning an investment with the following characteristics (Ignore income taxes.): Useful life 10years Yearly net cash inflow $70,000 Salvage value$0 Internal...
- B Business Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 7 units at...
- M Mathematics (9×1) + (5 × 1/10) + (2×1/100) =...
- E English What does our fearful trip is done refer to?...
Ответ:
some firms will go out of business, causing prices to rise until the remaining firms can cover their production costs.
Explanation:
A price taker is a firm or a seller who is not able to set the market price for its goods and services. Instead, the price taker accepts the price set by market forces - forces of demand and supply.
An example of a price taking firm is a firm in a perfect competition
If a firm is not able to charge prices above production costs, the firm is earning an economic loss
If in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
Ответ:
True
Explanation:
When a partner leaves the company, the partnership is dissolved and a new partnership may be formed with the remaining partners.