The fact that barriers to entry are low in competitive price-searcher markets means that if current firms are making economic losses, Group of answer choices these losses will remain in the long run because no firms can exit the market. current firms will exit the market, causing the demand curves that face the remaining firms to increase. new firms will enter the market, causing the demand curves that face the existing firms to decrease. new firms will enter the market, causing no change in the demand curves that face the existing firms in the market.

4. suppose that pollution in a neighborhood comes from two factories, with marginal benefit curves given by mb1 = 12 – p1 and mb2 = 8 – p2. the level of pollution in the neighborhood is given by p = p1 + p2. the government wants to limit pollution by instituting a pollution-rights market. the government’s desired level of p is 10, so it prints 10 pollution rights and offers them for sale to the firms.a)find the equilibrium selling price of a pollution right, as well as the allocation of rights (and hence pollution levels) across the two factories. b)repeat part (a) for the case where the government’s desired level of pollution equals 14. c)comment on the usefulness of a pollution rights market in achieving efficient levels of pollution abatement.

Match each item to check for while reconciling a bank account with the document to which it relates. (there's not just one answer) 1. balancing account statement 2. balancing check register a. nsf fees b. deposits in transit c. interest earned d. bank errors

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?