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Ulleksa [173]
2 years ago
11

Which of the following are the characteristics of a competitive market? (Check all that apply.)

Business
1 answer:
kakasveta [241]2 years ago
5 0

A competitive market refers to a market where there is no monopoly of producers of goods and services, therefore, competition is high because they all have mission to satisfy the wants of a large consumers.

The characteristics of a competitive market are:

  • Homogeneity of product: The product are made by different producers and encourages competition.
  • There are existence of many buyers and sellers in the market.
  • There is an access to derive perfect information on price of a product at any outlet in the market.
  • There are no charges for transaction costs in a competitive market
  • No barriers to entry into or exit.

In conclusion, there is no producers which can affect the market price through its supplying rate because there are excess supply of similar product in the market.

Learn more about competitive market here

<em>brainly.com/question/7024827</em>

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The first step is to calculate Jerome’s salary.

Regular time - 40 x $7.80 = $312

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Total Salary = $312 + 58.50 = $370.50

The next step is to calculate the deductions:

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C. By realizing gains through increase in share price and cash divideneds.

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An increase in the share price of fim is a gain to the firm and its corporate owners. I.e sharedholders. This means that the value of their investment in the firm has appreciated.

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