In a perfectly competitive market, if firms are initially making zero profit and then the price of the good the firms sell rises, all else being equal, new firms have an incentive to enter the market.

How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )

Why do police officers get paid less than professional baseball players?

Acompany that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies market development diversification strategy product development undiversified