1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AleksandrR [38]
2 years ago
9

The term _______________ refers to a firm operating in a perfectly competitive market that must take the prevailing market price

for its product. price setter business entity price taker trend setter
Business
1 answer:
hoa [83]2 years ago
6 0

The term <u>price taker</u> refers to a firm operating in a perfectly competitive market that must take the prevailing market price for its product. Read below about a perfectly competitive market.

<h3>What is a perfectly competitive market?</h3>

In economics, a perfect market is also known as an atomistic market. A effect competition is defined by several idealizing conditions, collectively called perfect competition, or atomistic competition.

Therefore, in such a market the price taker must take the prevailing market price its product.

learn more about price taker: brainly.com/question/15416827

#SPJ1

You might be interested in
Crystal has tired and aching feet. Which personal care professional should she visit to relieve the pain and tiredness?
Andre45 [30]
She should visit a massage specialist!
5 0
3 years ago
A company well-known for its easy-to-cook breakfast cereals was facing stiff competition from the many players in the market. Th
MAVERICK [17]

Answer:

The answer is d) new line-extension product

Explanation:

A new line-extension product, is a variation of the original product. The company did not entirely change their product they just tweaked it; they branched out.

7 0
4 years ago
One of the key features of capitalism is Answer favoritism. cooperation. inequality. competition.
jok3333 [9.3K]
Competition between producers is essential to capitalism.
7 0
3 years ago
On January 1 of the current year, Barton Corporation issued 11% bonds with a face value of $105,000. The bonds are sold for $99,
Aleonysh [2.5K]

Answer:

b.$12,600

The bond effective interest expense for the year ended December 31  is $12,600

Explanation:

We need to get the computation of the discount value of the bond using the straight-line method first and Interest Earned

Discount Value= (Face Value - Sales Value) / Years

D.V= $105,000 - $99,750 / 5

D.V= $1,050 Per year

Interest Expenses= Face Value * Bond issued

=$105,000 * 11%

=$11,550

We need to Compute the interest expense of the bond as well

Bond Interest Expenses = Interest Expense + Discount Value

=$11,550 + $1,050

=$12,600

The bond effective interest expense for the year ended December 31  is $12,600

3 0
3 years ago
When the lorillard tobacco company places ads discouraging teenagers from smoking, they are using which type of institutional ad
Aleksandr-060686 [28]
<span>This is a de-marketing strategy through ads, which are assumed to be digital ads. The assumption is that the digital ad would reach the target audience of teenagers to discourage smoking. This type of marketing campaign shows the tobacco company in a 'responsible' light to the consumer. By discouraging underage use, the consumer can assume that this must be a good company and is honest in their marketing.</span>
3 0
3 years ago
Other questions:
  • Which of the following tips applies to maintaining constructive relationships
    15·1 answer
  • "the ___________ is the highest-ranking is manager, responsible for all ______ planning in the organization"
    10·1 answer
  • Foxx Company incurs $240000 overhead costs each year in its three main departments, setup ($15000), machining ($165000), and pac
    6·1 answer
  • Which type of fall is responsible for the highest percentage of overall deaths in construction
    15·2 answers
  • A foreign direct investment occurs when ________.
    7·1 answer
  • Babuca Corporation has provided the following production and total cost data for two levels of monthly production volume. The co
    13·1 answer
  • Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following ann
    10·1 answer
  • Scheduling a production shop. midwest parts supply (mps) is a fabricator of small steel parts that are sold as components to man
    10·1 answer
  • California courts have held that if a lease is written, then it must be
    15·1 answer
  • Which is the primary dietary consideration for a client receiving insulin isophane suspension (nph) at breakfast?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!