The greatest common factor is 50
If a perfectly competitive business firm is a price taker, then: A. pressure from competing firms will force acceptance of the prevailing market price.
<h3>What is a perfectly competitive market?</h3>
A perfectly competitive market can be defined as a type of market that is typically characterized by many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
<h3>What is a
price taker?</h3>
A price taker can be defined as a business firm that is operating in a perfectly competitive market and is generally required to take the prevailing market price for its homogeneous product.
In this context, we can infer and logically deduce that pressure from other competing business firms would force acceptance of the prevailing market price when a perfectly competitive business firm is a price taker.
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Complete Question:
If a perfectly competitive firm is a price taker, then
A. pressure from competing firms will force acceptance of the prevailing market price.
B. it must be a relatively small player compared to its competitors in the overall market.
C. it can increase or decrease its output without affecting overall quantity supplied in the market.
D. quality differences will be very perceptible and will play a major role in purchasers' decisions.
Answer:
CSU : grants masters and baccalaureate degrees, and focuses on liberal arts and sciences
UC: grants doctoral master’s and baccalaureate degrees and is a primary research institution
CC: grants associate degrees and professional certificates and provides vocational training
Explanation:
Heat can be transferred in three ways: by conduction, by convention, and by radiation. Conduction is transferred of energy from one molecule to another by direct contact.
Based upon the given case, the 6 pounds 1 ounce is taken as Lower Quartile. Thus, option C is correct.
<h3>What are quartiles?</h3>
The quartiles can be understood as the division of the numbers or data into group of four or less or more, but in equal quartile size.
Lower quartile, also called first quartile has approx 25% in its left partition, and on its right lies approx 75% of the data.
Therefore, for 6 pounds, 1 ounce the correct option is C.
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