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2 years ago

If a perfectly competitive firm is a price taker, then

1 answer:

6 0

If a perfectly competitive business firm is a price taker, then: A. pressure from competing firms will force acceptance of the prevailing market price.

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

A perfectly competitive market can be defined as a type of market that is typically characterized by many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

<h3>What is a price taker?</h3>

A price taker can be defined as a business firm that is operating in a perfectly competitive market and is generally required to take the prevailing market price for its homogeneous product.

In this context, we can infer and logically deduce that pressure from other competing business firms would force acceptance of the prevailing market price when a perfectly competitive business firm is a price taker.

Read more on price here: brainly.com/question/11898489

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Complete Question:

If a perfectly competitive firm is a price taker, then

A. pressure from competing firms will force acceptance of the prevailing market price.

B. it must be a relatively small player compared to its competitors in the overall market.

C. it can increase or decrease its output without affecting overall quantity supplied in the market.

D. quality differences will be very perceptible and will play a major role in purchasers' decisions.

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Suppose that 3. 33 g of acetone at 25. 0 °c condenses on the surface of a 44. 0-g block of aluminum that is initially at 25 °c.

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Heat is a form of energy. This question shows that energy is transferred from the acetone to the metal block.

Data given;

M1 = 3.33g
T1 = 25 degrees
M2 = 44g
T2 = 25 degree
C1 = 124.5 J mol K
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<h3>Heat Transfer</h3>

Applying the principles of heat transfer,

Heat loss = Heat gain

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