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2 years ago

Which idea is inconsistent with perfect competition?.

Business

1 answer:

kupik [55]2 years ago

7 0

The idea that is not consistent with perfect competition is product differentiation.

<h3>What is a perfect competition?</h3>

A perfect competition is a market where there are many buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply. This, they are price takers. There are no barriers to entry or exit of firms into the industry.

Here are the opti0ns to this question:

product differentiation

freedom of entry or exit for firms

a large number of buyers and sellers

price-taking behavior

To learn more about perfect competition, please check: brainly.com/question/17110476s

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Describe 'the market place'

LuckyWell [14K]

A marketplace is any location, whether in person or online, that facilitates the exchange of goods between buyers and sellers. A marketplace business model differs from that of a retail store, because transactions happen in both directions, not just one.

8 0

2 years ago

Consider the following data, where gross domestic product (GDP) values are measured in millions of dollars, to answer the follow

Montano1993 [528]

The value of the gross domestic product (GDP) deflator in 2011 based on the given information is 110.

<h3>What is the GDP Deflator?</h3>

The GDP deflator is a ratio of the Nominal GDP (current year prices) over Real GDP (base year prices).

The GDP deflator is used to measure inflation as it shows the change in the current prices compared to the base year's prices.

The GDP deflator can be computed as Nominal GDP/Real GDP x 100.

<h3>Data and Calculations:</h3>

Year Nominal GDP Real GDP GDP Deflator

2009 $500 100

2010 $551.2 106

2011 $600.6 $546

2012 ________ $600.6 120

GDP Deflator = Nominal GDP/Real GDP x 100

2011 GDP Deflator = 110 ($600.60/$546 x 100)

Thus, the value of the gross domestic product (GDP) deflator in 2011 based on the given information is 110.

Learn more about the gross domestic product (GDP) deflator at brainly.com/question/13505890

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5 0

1 year ago

Every year, Shawna Stuart, the Director of Sustainability at Academic University, sees students throwing away perfectly good fur

lawyer [7]

Answer:

1. The question that you should ask during the development of strategic goals for the organization is:

a. Should our company focus more on giving things away, or on selling things for a reduced price to those in need?

2. The time-frame that the group should consider for this plan is:

b. Long-term (Five years or more)

Explanation:

A strategic plan is made up of the organization's mission, vision, and values, as well as its long-term goals. These are backed up with the action plans for attaining the long-term goals. A strategic plan should involve the whole of the organization and remain futuristic. It does not concentrate on short-term objectives. Instead, a strategic plan concentrates on long-term goals with its duration period lasting five years or more.

8 0

2 years ago

Moira Company has just finished its first year of operations and must decide which method to use for adjusting inventory account

Scrat [10]

Answer:

The Cost of good sold will decrease by 10,000

The other accounts balance will be the same.

<em>Missing Information:</em>

Ending balances in the relevant accounts were:

Work-in-Process 40,000

Finished Goods 80,000

Cost of Goods Sold 680,000

Explanation:

The company applied overhead for the amount of 435,000

This was charged into finished good which latter become cost of goods sold.

Then, as the actual overhead was 425,000 we have to adjust for the over-applied overehad. We applied more than it cost so we have to reduce it.

435,000 - 425,000 = 10,000

<u>We will decrease our COGS against the factory overhead account.</u>

COGS 10,000 debit

factory overhead 10,000 credit

8 0

3 years ago

Total revenue (TR) is:

poizon [28]

I think it’s d. but im so sorry if im wrong!

3 0

2 years ago