Ask Question
18 April, 10:04

Assume a market is perfectly competitive. when a new producer enters the market, the

a. price in the market decreases.

b. price in the market increases.

c. price in the market does not change.

d. market is no longer a competitive market.

+1
Answers (1)
  1. 18 April, 10:19
    0
    Assume a market is perfectly competitive. When a new producer enters the market, the: c) price in the market does not change.

    A huge number of producers comprises a perfectly competitive market, therefore, no new producer can affect them. A new producer isn't huge enough to influence the supply's price.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Assume a market is perfectly competitive. when a new producer enters the market, the a. price in the market decreases. b. price in the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers