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Effectus [21]
2 years ago
9

A firm in a perfectly competitive market: a.must reduce its price if it wants to sell a larger quantity. b.must be large relativ

e to the total market. c.can exert a major influence on the market price. d.must take the price that is determined in the market.
Business
1 answer:
mr Goodwill [35]2 years ago
4 0

A firm in a perfectly competitive market: d. must take the price that is determined in the market.

<h3>What is a perfectly competitive market?</h3>

A perfectly competitive market can be defined as a type of market in which there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This ultimately implies that, all business firms in a perfectly competitive market must be willing to take the price that is determined in the market.

Read more on price here: brainly.com/question/11898489

#SPJ1

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What step is most important for sellers to focus on.
Gemiola [76]

The step that is most important for sellers is to focus on Identifying customers with lifetime value.

<h3>Who is a seller?</h3>

A seller can be regarded as the part of distribution channel that made the goods from producer to be available to consumers.

However, he must focus on Identifying customers with lifetime value.

Therefore, option C is correct.

CHECK THE COMPLETE QUESTIONS

What step is most important for sellers to focus on?

A: Keeping all customers at all cost

B: Keeping loyal customers and forgetting about the others

C: Identifying customers with lifetime value to the seller

D: Working to attract new customers regardless of the costs

Learn more about seller at:

brainly.com/question/12851463

3 0
2 years ago
"An investor has sold short stock worth $80,000 in a margin account, depositing the Regulation T margin requirement. If the mark
Bumek [7]

Answer:

$15000.

Explanation:

The worth of stock that the investor sold = $80000

The fall in the market value of the stock = $65000

Since the value of the stock falls to $65000. thus, the SMA in the account can be calculated by eliminating the decreased amount from the stock value. Therefore, the SMA in the account will be 80000-65000 = $15000

3 0
3 years ago
Believing in your capabilities and demonstrating<br> confidence in the tasks that you perform
Montano1993 [528]
Helps to boost outs comes and productivity.
3 0
2 years ago
Lucas spends $83. 42 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If Lucas been a
Vika [28.1K]

Based on the amount saved monthly and the simple interest earned in 3 years, the amount in savings would be<u> $1,055.10.</u>

The amount saved for the year would be:

= 83.42 x 12 months

= $1,001.04

If this amount was saved at simple interest at 1.8% per year, the amount in 3 years would be:

<em>= Amount + ( Amount x rate x number of years)</em>

= 1,001.04 + (1,001.04 x 1.8% x 3)

= $1,055.10

In conclusion, the account would have $1,055.10

<em>Find out more on simple interest at brainly.com/question/2294792. </em>

7 0
2 years ago
Read 2 more answers
During a presidential campaign, the incumbent argues that he should be reelected because nominal GDP grew by 12 percent during h
bearhunter [10]

Answer:

Grew by 2%

Explanation:

Given: nominal GDP =12% positive value cause it grew by 12% during these years.

              Population grew by 4%

              GDP deflator = 6% positive value cause it also grew by 6%

Question says we must find real GDP per person for the 4 year term that the president has served for so we will use the formula to calculate GDP Deflator to actually solve for Real GDP as we know the formula is GDP Deflator= (nominal GDP per person%)/(Real GDP per person%)x100

So we already have the nominal GDP and the GDP deflator therefore we substitute to the above formula:

6% = (12%)/ (Real GDP per person percentage) x100, and now we solve for Real GDP per person%

Therefore we multiply both sides with Real GDP percentage and get:

Real GDP per person %( 6%) = 12% and then we divide both sides with 6%,

Therefore Real GDP is 2% so we also see that real GDP has actual grown by 2% because the GDP deflator grew instead of decreasing where nominal GDP is also positive so if we have a fraction where an answer is positive we know both fraction values must be positive pus if the GDP deflator increases both nominal and Real GDP increase and that’s the relationship they have.

4 0
2 years ago
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