How will new entrants in the perfect competitive market impact on the profit levels of existing businesses?

asked Oct 23, 2022 132k views

2 votes

How will new entrants in the perfect competitive market impact on the

profit levels of existing businesses?

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5 votes

Answer:

negative

Step-by-step explanation:

as the profits are determined by the quantity it will lead to many competitor's

Pavel Arapov answered Oct 28, 2022

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