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UkoKoshka [18]
2 years ago
12

Perfectly competitive firms are price takers for all of the following reasons except that

SAT
1 answer:
Strike441 [17]2 years ago
7 0

Most time, the perfectly competitive firms are not price takers when there is barriers to exit that force firms to sell at the market price.

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

This refers to a price taker that is, it must accept the equilibrium price at which it sells goods.

Most perfectly competitive firms are price takers when:

  • each firm is quite small relative to the total market supply.
  • buyers and sellers have all the necessary information about prices, etc.
  • the product is homogeneous.

Therefore, the perfectly competitive firms are not price takers when there is barriers to exit that force firms to sell at the market price.

Read more about perfectly competitive

brainly.com/question/1748396

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bija089 [108]

Answer:

-56

Explanation:

From the equation:

0.75(x + 20) = 2 + 0.5(x - 2)

Open brackets

0.75x + 15 = 2 + 0.5x - 1

Collect like terms

0.75x - 0.5x = 2 - 1 - 15

0.25x = - 14

Divide both sides by 0.25

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<h3>What is the pitch of a sound?</h3>

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A high sound is known as a sound that has a high pitch and a low sound is known to be the one that has a low pitch.  In the above picture, the pitch will be lowered when the distance is increased.

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