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2 years ago

The entry and exit of firms in a purely competitive industry help to improve resource allocation because:_______

1 answer:

3 0

The reason why the entry and exit of firms in a purely competitive industry helps to improve resource allocation is because the losses result in exit and release resources to flow to markers where there are profits.

<h3 /><h3>How can the purely competitve market be beneficial?</h3>

Purely competitive industries allow for easy entry and b which leads to many firms coming into the market.

As a result, there is too much supply which leads to losses when prices drop.

As the companies suffering losses leave the market, they then invest in other markets where there are profits thereby reallocating resources.

Find out more on resource allocation at brainly.com/question/15129284

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Under the Securities Act of 1933, if damages were incurred and there was a material misstatement or omission in the financial st

dedylja [7]

Answer:

The CPA rebuts the allegations

Explanation:

The Securities Act of 1933 requires that investors receive financial and other significant information regarding any and all securities being sold publicly and prohibits deceit, misrepresentations, and other fraud in the sale of securities. Therefore, since there was material misstatement or omission in the financial statements, the only chance the CPA has is if they rebut the allegations. Meaning that they provide actual evidence, such as physical statements or witnesses that contradict or nullify the evidence that is being presented against them regarding the material misstatement or omission

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3 years ago

A company incurs total costs of $8,000 to process Product A. The company can then sell Product A as is for total daily revenue o

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Answer:

As the gross profit is the same for both products It is better to choose Product A because Product Z needs further processing a day , so time can also be the constraint.

Explanation:

Process Cost of Product A = $ 8000

Sale of Product A= $ 22,500

Gross Profit For A= $ 14,500

Process Cost of Product Z= $ 8000 + $4200= $ 12,200

Sale of Product Z= $ 26,700

Gross Profit For Z= $ 14,500

The gross profit for both products is same but product Z requires additional day for further processing so it is better to choose Product A.

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3 years ago

The U.S. Securities and Exchange Commission periodically charges individuals with insider trading and claims those individuals h

Delicious77 [7]

Answer:

The correct answer is option d.

Explanation:

The effficent market hypothesis is an investment theory which advocates that the stock prices reflect all the available information. As a result, stocks are always traded at their fair value.

The strong form of efficient market says that stock prices reflect all information whether public or private.

This implies that investors cannot have more than normal profits. In the above example, the investors are able to make profit through insider information. This means that the market is less than strong form efficient.

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4 years ago

What are the four elements of the marketing mix?

Maksim231197 [3]

The 4 P's:

Price - cost of the product

Product - the type of good being sold

Place - how the product will get to the consumer (store, internet, etc)

Promotion - what marketing activities will be used to communicate the product (advertising, sales, etc)

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3 years ago

Economists believe that people's wants are:

Cloud [144]

Economists believe that the wants of people are infinite.

<h3>What is want in economics?</h3>

These are the basic needs of people. In the field of economics it is believed that the wants of people are too numerous.

People have so many needs and the resources that are required to fulfill them are limited. This is the concept of scarcity.

Read more on want and scarcity here:

https://brainly.in/question/2337492

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2 years ago