1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lapatulllka [165]
2 years 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]2 years 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

You might be interested in
If an economy moves from a steady state with positive population growth to a zero population growth rate, then in the new steady
zheka24 [161]

Answer:

lower; the same as it was before

Explanation:

If an economy moves from a steady state with positive population growth to a zero population growth rate, then in the new steady state, total output growth will be lower, and growth of output per person will be the same as it was before.

7 0
3 years ago
Read 2 more answers
A measure of the outcome of a decision such as profit, cost, or time is known as a _____. a. forecasting index b. payoff c. bran
ValentinkaMS [17]

Answer:

b. payoff

Explanation:

In the context of business, this measurement is known as a payoff. In other words, it refers to whatever is obtained as a final result from a specific outcome generated after making specific decisions. Every business decisions revolve around what the potential payoffs will be in order to decide whether or not they will be worth making and if the benefits outweigh the negative aspects.

6 0
3 years ago
Which of the following is a condition that may cause a fee simple absolute to become a fee simple defeasible...? The owner takes
vodka [1.7K]

Answer:

A condition that may cause a fee simple absolute to become a fee simple defeasible is:

The owner gifts the property to another entity

Explanation:

Jane holds a landed property as a fee simple absolute, therefore, she has absolute ownership.  This implies that her ownership of the property lasts forever unless she transfers it.  Jane can do whatever she wants with the property.  It is unlike a defeasible fee, which is simply a fee simple interest in land which Jane can lose by the occurrence of a specified event.

6 0
3 years ago
Which of the following correctly describes the relationship between supply and demand
meriva
I think it's B) supply increase and demand decreases
6 0
3 years ago
Expedition Outfitters manufactures a variety of specialty clothing for hiking, skiing, and mountain climbing. Its management dec
SIZIF [17.4K]

Answer:

Do  a pilot study

Explanation:

In order for the management to be assured that the product works, a pilot study needs to be done. This involves the sampling out of the small number of the useful product. In doing so, they can monitor the sales and see how they do on the market. From the market study, they can then increase the production of the material to the target potential customer. This makes the business to be powerful and realize profits an minimize losses.

7 0
3 years ago
Other questions:
  • Which are direct employers for people working in the Architecture and Construction career pathway? Check all that apply.
    5·2 answers
  • The global positioning system is a network of 21 ________ plus 3 working spares.
    14·1 answer
  • Attributes of rigorous research can be shared across subjects of study. For example, Collins and Porras (2002) highlight the imp
    11·1 answer
  • Old South Company purchased investments for $55,000 and plant assets for $147,000 during the current year, during which it also
    10·1 answer
  • Hilary had an outside basis in LTL General Partnership of $15,000 at the beginning of the year. LTL reported the following items
    13·2 answers
  • Consider a consumer who is contemplating a new automobile purchase. She has narrowed her decision down to two brands, Brand X an
    12·1 answer
  • Suppose that papers for a newspaper stand cost $0.40 and sell for $0.80. They currently have no salvage value. If the stand owne
    11·1 answer
  • Elway Company purchases land for $85,000 cash. Elway assumes $2,500 in property taxes due on the land. The title and attorney fe
    7·1 answer
  • ​You're traveling in Japan and are thinking about buying a new kimono.​ You've decided​ you'd be willing to pay​ $175 for a new​
    9·2 answers
  • Kingbird, Inc. has the following inventory data:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!