When Entry of New Firms Decreases Input Prices in an Industry,it

question 78

Multiple Choice

When entry of new firms decreases input prices in an industry,it is a(n)

• A)increasing cost industry.
• B)decreasing cost industry.
• C)constant cost industry.
• D)input elastic industry.

---

Definitions:

Handle External Pressure

The ability to manage and respond effectively to demands and stressors from the external environment in a way that minimizes negative impact.

Ample Guidance

Sufficient and comprehensive support or advice given to individuals to help them accomplish tasks or make decisions.

Effective Pitch

A persuasive presentation or proposal designed to gain approval, support, or investment.

Media Outlet

A publication or broadcast program that disseminates news, information, or entertainment to the public.