If businesses in a competitive market earn profits, those profits will attract _____ to the market.Multiple choice question.new entrantsgovernment regulatorstax collectors
Question
If businesses in a competitive market earn profits, those profits will attract _____ to the market.Multiple choice question.new entrantsgovernment regulatorstax collectors
Solution
The correct answer is "new entrants". In a competitive market, if businesses are making profits, it will attract new entrants who also want to earn profits.
Similar Questions
In order to escape perfect competition, businesses must show _____ that they are different and better than the competition.Multiple choice question.their shareholdersconsumersgovernment regulators
Manufacturers, intermediaries, institutions, and the government are all Blank______ marketers.Multiple choice question.B2CB2Bconsumermass
Multiple Choice QuestionBecause business contracts may harm third parties, the government uses regulations to protect the Blank______.Multiple choice question.marketenvironmentinfant industrytaxation system
In which of the following market structures is the entry of new businesses the most difficult?Multiple Choicecompetitive monopolyoligopolymonopolymonopolistic competitionperfect competition
The investment banker or investment dealer _________.Multiple choice question.packages products to be sold to corporations, but not sold to the publicis a financial intermediarytakes deposits from savers and lends capital to borrowersprovides the public capital while providing investment options to corporations
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.