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Tresset [83]
1 year ago
6

Which of the following is true about goods and services?

Business
1 answer:
Angelina_Jolie [31]1 year ago
3 0
U need to provide the options we can pick from please
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Which of the following statements best reflects a price-taking firm? a The firm has an incentive to charge less than the market
MatroZZZ [7]

Answer:

b

Explanation:

A price taking firm is a firm that must sell at the price determined by the forces of demand and supply. This is typical of firms that in industries that sell identical products.

If the firm charges a price higher than equilibrium price, customers would go to other suppliers and the firm would sell known of its product.

There would be no incentive for a firm to sell below equilibrium price because it would be earning losses.

An example of an industry characterised by price taking firms are perfectly competitive industries.

For example, a farmer selling oranges is an example of a price taking firm

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3 years ago
A game may not start or continue if either team has fewer than ____ players.
Leni [432]
The answer is 7 players.
If, the amount of red cards that received by either team make the total players of their team less than 7, the opposition team would automatically won the game (and the vicotry would be recorded as 3-0 victory for the team that still had more than 7 players)
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Margaery is in search of a new job. She is of the opinion that the first step in making a good match between what she has to off
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Option B  need for altruism

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3 years ago
Examples of barriers to entry include Group of answer choices Price taking. Patents. None of the Answers are Correct. Standardiz
Genrish500 [490]

Examples of barriers to entry include Patents.

<h3>What Are Barriers to Entry? </h3>

A term used in economics and business to describe variables that can deter or make it difficult for newcomers to enter a market or industry sector and so limit competition is "barriers to entry." These might include prohibitive startup fees, bureaucratic roadblocks, or other barriers that make it difficult for new rivals to enter a market. Existing businesses win from entrance barriers because they preserve their market share and capacity to make money.

There are four main types of barriers to entry:

  • legal (patents/licenses),
  • technical (high start-up costs/monopoly/technical knowledge),
  • strategic (predatory pricing/first mover),
  • brand loyalty.

Most people think of patents as temporary entry barriers put in place by the government. Patent protection, however, typically restricts access rather than blocking it. A business may enter a market that is protected as long as its product complies with a minimum standard of novelty and does not violate any active patents.

To know more about barriers to entry refer to:  brainly.com/question/12589254

#SPJ4

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A podcaster has become quite talented at writing and producing content celebrating positive news. The podcaster bought professio
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create a budget this will help with his economic issues

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