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kondaur [170]
2 years ago
7

A competitive firm Group of answer choices Confronts a downward-sloping firm demand curve. Is large enough relative to the marke

t to be taken into account by competitors. None of the Answers are Correct. Is a price taker. Has the market power to compete effectively.
Business
1 answer:
morpeh [17]2 years ago
7 0

A competitive firm is a price taker.

A perfectly competitive business must accept the equilibrium price at which it sells its products because it is a price taker. A completely competitive business will not be able to generate any sales if it seeks to charge even a small amount above the going rate.

Small businesses are typically price takers, while monopolies or large, well-established enterprises with copyrighted products are typically price makers. In the stock market, individual investors take prices. further reading.

Learn more about price taker firm here brainly.com/question/15416827

#SPJ4

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Cole has a cold. Although the brand-name drug is more expensive than the generic, he buys the brand-name one. Cole is familiar w
Semmy [17]

Answer:

<u>less risk</u>

Explanation:

Note: <u>The question appears to be incomplete. Another similar question has been attached for reference purpose and the answer provided herein is based upon that</u>.

It is common consumer behavior of sticking to a brand name despite another lower cost option providing the same base or constituent. Particularly in case of necessities, the law of demand i.e lower price higher demand fails as consumer would prefer being exposed to lesser risk no matter whatever be the cost.

In the given case, the consumer i.e Cole prefers going with a brand name as it provides him with a higher degree of assurance as the brand has a certain reputation attached to it which the other generic option lacks.

Secondly owing to his familiarity with the drug and it's past usage experience, he has developed brand loyalty apparently.

Thus, Cole's decision is attributable to <u>less risk.</u>

4 0
4 years ago
One problem with using market values to measure GDP is that A. some useful goods and services are not sold in markets. B. you ca
Elanso [62]

Answer:

C. prices for some goods change every year.

Explanation:

The reason why the real GDP (GDP adjusted to inflation) is a much better economic index than nominal GDP is that prices change over time, even if the quantities produced do not. It is actually possible for nominal GDP to increase even if total production output decreases due solely to high inflation rates.

7 0
3 years ago
Southern Markets recently paid an annual dividend of $2.62 on its common stock. This dividend increases at an average rate of 3.
Tems11 [23]

Answer:

Dividend yield = 9.67%

Explanation:

Dividend growth rate = Average rate of increase in dividend = 3,8%

Next annual dividend = Annual dividend just paid * (100% + Dividend growth rate) = $2.62 * (100% + 3.8%) = $2.71956

Dividend yield = Next annual dividend / Current share selling price = $2.71956 / $28.12 = 0.0967, or 9.67%

5 0
3 years ago
On June 25, Gallatin Repair Service extended an offer of $123,000 for land that had been priced for sale at $141,000. On July 9,
Sedbober [7]

Answer: $134,000

Explanation:

The value that the land should be recorded in Easy Repair Service records will be $134,000 because it was the counter offer and the price paid by Easy Repair in the acquisition of the land, therefore this should be the value of the land.

The value for the acquisition of land include all expenses that were also involved when buying the land like the legal fees on the land etc but in this scenario, only the $134,000 was provided, hence, that's the answer.

7 0
3 years ago
Topik is a product that is sprayed on thinning hair and makes the hair appear thicker. The manufacturer considers its potential
Alik [6]

Answer:

(C) target market

Explanation:

The group of people for which a product is designed and aimed to is the product's target market. In this case, Topik is a product that aims to sell to blue-collar workers who earn less than $30,000 per year, are divorced, and who like to think of themselves as weekend athletes, which is the product's target market.

The answer is (C).

4 0
4 years ago
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