Few sentences on the response please.Imagine you own your own business. Based on what you learned from the simulation, what factors would determine your entry and exit into a market? HistoryRound12345Drive Today?YesNoYesYesYesDrivers33345Revenue per Hour$25$25$25$21$18Your Hours12N/A10109Profit$92$86$46$171 1000:00 | 9End of Game

The profit of the market induced new firms to enter the market while the continuous entry of new…

Answered: Few sentences on the response please.…

Few sentences on the response please. Imagine you own your own business. Based on what you learned from the simulation, what factors would determine your entry and exit into a market?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Few sentences on the response please.

Imagine you own your own business. Based on what you learned from the simulation, what factors would determine your entry and exit into a market?

History
Round
1
2
3
4
5
Drive Today?
Yes
No
Yes
Yes
Yes
Drivers
3
3
3
4
5
Revenue per Hour
$25
$25
$25
$21
$18
Your Hours
12
N/A
10
10
9
Profit
$92
$86
$46
$17
1 10
00:00 | 9
End of Game

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