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Lapatulllka [165]
1 year ago
9

The demand curve in a purely competitive industry is ______, while the demand curve to a single firm in that industry is ______.

Business
1 answer:
lesantik [10]1 year ago
6 0

The demand curve in a purely competitive industry is down sloping , while the demand curve to a single firm in that industry is perfectly elastic.

<h3>What is demand curve?</h3>

Demand curve can be defined as a graph that help to show the price of product as well as demand quantity.

In a situation where the demand curve is down sloping this means that a manufacturer intend to go for the price of goods and service and the quantity demanded in order to  increase profit .

Inconclusion the demand curve in a purely competitive industry is down sloping.

Learn more about demand curve here:brainly.com/question/516635

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A company had $7,040,000 in net income for the year. Its net sales were $15,600,000 for the same period. Calculate its profit ma
ivann1987 [24]

The measure of a product, service, or company's profitability is its profit margin. The bigger the percentage representing the profit margin, the more profitable the company is.

Profitability is gauged by profit margin. Finding the profit as a proportion of revenue is used to calculate it.

Profit margin=44.9%

Explanation to the answer:

Profit margin =Net income / sales

                    =7,050,000 / $ 15,700,000

                    =0.44904

                    =44.9%

Profit margin =44.9%

Learn more about profit margin here brainly.com/question/24161087

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5 0
2 years ago
Foster, who owns a successful business with two locations and a few international clients, was approached by a large organizatio
torisob [31]

Answer:

C) can get started more easily and maneuver faster

Explanation:

A small business (sole proprietorship, partnership, limited liability company) can maneuver much faster than any corporation simply because the owners are the managers of the business. The owners do not have to ask anyone for permission to make any decisions or decide new business activities. Also, last but not least, you are your own boss, and that is priceless.

Small businesses are also much easier to set up and do not require a lot of paperwork and authorizations to start operating.

3 0
3 years ago
Why does the risk of incorrect rejection result in an efficiency loss to the auditor?
Sever21 [200]
© 2017 Quizlet Inc.
8 0
3 years ago
choose a u.s.-based fortune 500 company to analyze; submit the name to be approved by the instructor. each student will analyze
natulia [17]

Fortune 500 Companies: A ranking of the 500 largest US firms, ordered by total revenues for each fiscal year, is known as the Fortune 500.  

The US Based fortune 500 company that can be selected for analysis and which has issued Outstanding Bonds is Microsoft Corporation.

Outstanding Bonds:  These are those bonds that have been already issued but have not yet matured or redeemed.

To learn more about Fortune 500 Companies, visit the following link:

brainly.com/question/14697728

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3 0
1 year ago
Why does the quantity a supplier is willing to give go up when the price goes up
aleksandrvk [35]
Because of supply and demand. More demand for a product makes the price go and and the supplier gives more because they get more
8 0
2 years ago
Read 2 more answers
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