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Studentka2010 [4]
2 years ago
7

Germaine operates a florist shop in a busy section of town in which there are many competing florists, each selling somewhat uni

que floral arrangements, earning zero economic profits in the long run. Germaine is operating in a(n):
Business
1 answer:
trasher [3.6K]2 years ago
4 0

Germaine is operating in a perfectly competitive market. As there are many competing florists, each selling somewhat unique floral arrangements, earning zero economic profits in the long run.

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

Perfectly competitive market is considered when all the competitors have same items and has no influence on pricing, and companies can enter and exit the market at any moment.

The market without restriction, customers have perfect or complete information, and companies are unable to set prices, according to economic theory.

Thus, the situation is of perfectly competitive market.

For more details about perfectly competitive market, click here

brainly.com/question/26028930

#SPJ1

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In long-run equilibrium, a purely competitive firm will operate where price is:
Anvisha [2.4K]

Answer:

D. equal to MR, MC, and minimum ATC.

Explanation:

Long run equilibrium is the equilibrium of a perfect competitive market occurs, when there is the Marginal Revenue  is equal to the marginal cost and  average total cost of the company product. It is the sum of all the market short run supply curve's series. So the correct option is D. equal to MR, MC, and minimum ATC.

4 0
2 years ago
All of the following are ways that governments encourage international business except?
never [62]
Im pretty sure that it is d

4 0
2 years ago
Private solutions to correct for externalities consider the following scenario:________.
Charra [1.4K]

Answer: Charities; coordinating negotiations among all of the parties too costly

Explanation:

From the question, we are told that that a chicken farm uses a nearby stream to dispose of the wastes that is released by its chickens and that the wastes flow downstream into a lake that has become polluted due to the waste matter. The local office of a nonprofit environmental organization then collects enough donations in order to stop the farm's pollution.

The type types of private solutions to the pollution externality which has occured is charity. This is because it is a voluntary activity. The money collected is meant for a specific objective which is to tackle the issue of pollution.

It is also vital to note that sometimes the private solutions to externalities might not work. For example, this occurs when communications barriers or social customs are important enough relative to the potential gains involved that coordinating negotiations among all of the parties too costly.

6 0
3 years ago
Angie Silva has recently opened The Sandal Shop, a store that specializes in fashionable sandals in Brisbane, Australia. Angie h
Elza [17]

Incremental contribution margin:

$25,000 increased sales x 60% CM ratio           $15,000

                                                                             

Incremental fixed salary cost                                8,000

Increased net income                                            $7,000.

yes, the position should be converted.

In economics, the margin is profit after deducting expenses, expressed as a percentage. In investing, the margin is the deposit an investor leaves with a broker when borrowing money to buy a security.

The portion of a page or sheet outside the body of a printed product or document. 2: The outer boundary and adjoining surface of something: a ridge at the edge of the continental margin of a forest. 3: Any amount or measure or degree of substitution permitted or granted due to unforeseen circumstances or special circumstances was not subject to error.

Learn more about margin at

brainly.com/question/10218300

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6 0
1 year ago
Other things held constant, if a bond indenture contains a call provision, the yield to maturity that would exist without such a
zloy xaker [14]

Answer:

Other things held constant, if a bond indenture contains a call provision, the yield to maturity that would exist without such a call provision will generally be <u>lower than</u> the YTM with a call provision.

Explanation:

That is the correct answer to the question asked about bond indenture.

8 0
3 years ago
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