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2 years ago

For what type of market structure is the demand curve the same as marginal revenue?

Business

1 answer:

maxonik [38]2 years ago

6 0

Perfect competition is the type of market structure is the demand curve the same as marginal revenue.

A market structure where all suppliers are equal and overall supply and demand are in equilibrium is referred to as perfect competition in economics. Perfect competition exists, for instance, when multiple companies are producing a commodity and no one company has a competitive edge over the others.

Perfect competition is characterized by three key factors:

(1) the absence of any significant market dominance;

(2) standardization of industry output;

(3) freedom of entry and exit.

The demand curve of a firm that is perfectly competitive is horizontal at the market price. As a result, every unit sold will result in it receiving the same price. The difference in total revenue from selling one is the firm's marginal revenue.

To know more about Perfect competition refer to: brainly.com/question/12557207

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romanna [79]

Answer:

Phillip is stunned because he has not been attending to the management function of "controlling".

Explanation:

The four management functions are; planning, organizing, leading and controlling.

Controlling involves monitoring the processes and activities involved as an organization works, according to laid down plans, towards achieving set goals and objectives.

<em>Phillip is stunned because he has not been monitoring comparing the progress made so far with the strategic plan (i.e. he has not been controlling the strategy implementation activity).</em>

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4 years ago

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kobusy [5.1K]

Answer:

a. involve a high degree of trust and confidence.

Explanation:

A fiduciary relationship exist when an individual places responsibilities on the other party, to help him carry out duties or act for the benefit of the party. It is otherwise called a confidential relationship and it requires special trust, confidence and reliance.

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3 years ago

Currently in Economica, the frictional rate of unemployment is 2.0%, the structural rate of unemployment is 2.0%, and the cyc

ollegr [7]

Answer:

7,5%

Explanation:

natural rate of unemployment is generally comprised of 3 unemployment types: structural rate of unemployment, cyclical rate of unemployment and frictional unemployment. This state exists even in a healthy environment commercially viable as workers will always seek for new jobs. At the time they leave to seek for new jobs, that period relates to natural rate of unemployment of the country or state.

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3 years ago

Nstead of polling all faculty members in the business department, Michael wants to simply use a list of testing methodologies u

Svetllana [295]

Answer:

satisficing

Explanation:

Satisficing is a combination of "satisfy" and "suffice" (or enough). It refers to a situation where instead of trying to reach a completely satisfying solution, you just settle for a relatively good or a so-so solution.

Personally I believe it is something that borders mediocrity, since you should either do something right or do not do it at all. It is like doing something that might work, but not completely.

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3 years ago

Read 2 more answers

In double-entry bookkeeping, what is an account?

vredina [299]

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3 years ago