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olga nikolaevna [1]
2 years ago
11

Under the market system, ______ coordinate the decisions made by households and businesses.

Business
1 answer:
MakcuM [25]2 years ago
7 0

Under the market system, prices coordinate the decisions made by households and businesses.

<h3>What is a market system?</h3>

It should be noted that a market system simply means an economy whereby the individual makes choices in the market and decisions.

In this case, under the market system, prices coordinate the decisions made by households and businesses.

Learn more about market system on:

brainly.com/question/1659498

#SPJ1

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3 years ago
If you had a million dollars what would you buy and why? 2 sentences please!!
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5 0
3 years ago
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Occasionally, _________________ may lead to pure monopoly; in other market conditions, they may limit competition ______________
makvit [3.9K]

Occasionally, barriers to entry may lead to pure monopoly; in other market conditions, they may limit competition to a few oligopoly firms

<h3>Do barriers to entry exist in a pure monopoly?</h3>

Due to entrance restrictions that deter prospective rivals, firms acquire monopolistic power. Barriers to entry, or conditions that make it difficult or impossible for potential competitors to participate in the market, give monopolies their market strength.

The four main elements of monopoly are: (1) a single business controlling the entire output of a market; (2) a distinctive product; (3) barriers to admission and departure from the industry; and, frequently (4) specialised knowledge about production methods that are not available to other potential producers.

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4 0
1 year ago
For safety's sake industrial screwdriver blades are made of
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5 0
3 years ago
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Jackson, Inc. produces two different products (Product 5 and Product Z) using two different activities: Machining, which uses ma
Anettt [7]

Answer:

The total Inspection cost assigned to Product Z $ 21,600

Explanation:

Jackson, Inc.

                        Total                      Product 5             Product Z

                        Cost                    %         Amount        %    Amount                                  

Machining,    $306,000,          35       107,100         65     198,900

<u>Inspection      $46,000            40       18,400           60      21,600 </u>

<u>Total                                                    $  125,500                  $ 220,500</u>

<u />

The total Inspection cost assigned to Product Z $ 21,600

The total Machining cost assigned to Product Z $ 198,900

The total Inspection cost assigned to Product 5  $ 18,400

The total Machining cost assigned to Product 5 $ 107,9100

6 0
3 years ago
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