If a perfectly competitive business firm is a price taker, then: A. pressure from competing firms will force acceptance of the prevailing market price.
<h3>What is a perfectly competitive market?</h3>
A perfectly competitive market can be defined as a type of market that is typically characterized by many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
<h3>What is a
price taker?</h3>
A price taker can be defined as a business firm that is operating in a perfectly competitive market and is generally required to take the prevailing market price for its homogeneous product.
In this context, we can infer and logically deduce that pressure from other competing business firms would force acceptance of the prevailing market price when a perfectly competitive business firm is a price taker.
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Complete Question:
If a perfectly competitive firm is a price taker, then
A. pressure from competing firms will force acceptance of the prevailing market price.
B. it must be a relatively small player compared to its competitors in the overall market.
C. it can increase or decrease its output without affecting overall quantity supplied in the market.
D. quality differences will be very perceptible and will play a major role in purchasers' decisions.
An expression for the Ksp for hydroxyapatite would be written as follows:
Ksp =
<h3>What is
solubility constant?</h3>
In Chemistry, the solubility product constant (Ksp) can be defined as the equilibrium constant that describes a solid substance (solute) which is being dissolved in an aqueous solution.
This ultimately implies that, Ksp is typically used in chemistry to denote an equilibrium level at which a solute dissolves in an aqueous solution.
Mathematically, an expression to represent the solubility product constant (Ksp) for hydroxyapatite is written as follows:
Ksp =
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X=<span><span>−92</span>+<span>√<span><span><span>−<span>y2</span></span><span><span>−108</span>y</span></span><span>−2843</span></span></span></span>,<span><span>−92</span><span>−<span>√<span><span><span>−<span>y2</span></span><span><span>−108</span>y</span></span><span>−<span>2843</span></span></span></span></span></span>