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Business, 12.12.2019 05:31 areynaguzman100
Consider the following statement: "ninety percent of new products fail within two years—so you shouldn’t be so eager to innovate." this statement is true, so firms should only innovate if other competitors are also innovating. false, because a firm could capture enough expected economic profit in the short run to cover its initial investment. false, because a firm could capture enough expected economic profit in the long run to cover its initial investment. true, so firms should not innovate for the first two years.
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Business, 22.06.2019 05:50, Courtneymorris19
1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls
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