1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleonysh [2.5K]
1 year ago
10

firms operating in a/an market, sell their product in a market with many other firms who produce identical or extremely similar

products.
Business
1 answer:
frozen [14]1 year ago
4 0

The firms operating in a  perfectly competitive market, sell their product in a market with many other firms that produce identical or extremely similar products.

<h3>What is a Product?</h3>

A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.

When all businesses sell identical goods, market share has no effect on prices, businesses can enter and exit the market without any restrictions,  and businesses are unable to set prices, perfect competition is said to present.

Learn more about perfectly competitive, here:

brainly.com/question/13961518

#SPJ1

You might be interested in
The FDA banning a specific product that a company sells is an example of:_________
mario62 [17]

Answer: unsystematic risk that can be diversified away

Explanation:

The FDA banning a specific product that a company sells is an example of unsystematic risk that can be diversified away.

The above scenario is simply a company related risk and therefore an unsystematic risk but it can actually be diversified away by proper utilization and allocation of resources. Therefore, the correct option is E

6 0
3 years ago
Horizontal analysis: Multiple Choice Evaluates financial data across industries. Is a method used to evaluate changes in financi
Anastasy [175]

Answer:

The correct answer is letter "B": Is a method used to evaluate changes in financial data across time.

Explanation:

Horizontal analysis compares the balance sheet or income statement of an entity over two or more periods. It is called horizontal analysis because it arranges numbers side by side to make direct comparisons so that improvements can be seen more easily.

4 0
3 years ago
Hart, Attorney at Law, experienced the following transactions in Year 1, the first year of operations:
Drupady [299]

Answer:

1. Cash will increase by $18,700 for the services to be rendered over the 12 months.

2. Cash will reduce by $64,000 for the legal service acquired.

3. No effect on cash as the transaction is on accounts.

4. Cash will decrease by $1,250 for the supplies purchased.

5. Cash will decrease by $6,000 for the dividends paid.

6. Cash will decrease by $20,000 due to operating expenses

7. no effect on cash

8. no effect on cash.

Explanation:

The business transactions recorded by Hart, Attorney at Law, These transactions have impact on the cash. The inflow and outflow of cash is recorded in the cash flow statement. Transaction no. 3, 7 and 8 will have no effects on cash balance of the company.

6 0
3 years ago
David has started all season at linebacker. Last season he was a backup and is still making a backup's salary. Typically, backup
LenaWriter [7]
500,000 is your answer 

7 0
3 years ago
Read 2 more answers
Consider a specific example of the special-interest effect. In 2012, it was estimated that the total value of all corn-productio
Molodets [167]

Answer:

A) $10 per person

B) $15000000

C) $30000000

D) $15000000

Explanation:

A) Cost of corn subsidies per person in the United States in 2012 = 3 billion/300 million = 3000000000/300000000 = $10 per person

B) We are told that 10 percent of 300 million population are those willing to provide funding. Thus;

Number of people providing funding = 10% × 300 million = 30,000,000

Each of these 30,000,000 people are willing to only provide $0.50.

Thus;

total funding raised for their lobbying efforts = $0.50 × 30,000,000

total funding raised for their lobbying efforts = $15000000

C) We are told that the recipients of corn subsidies donated just 1% of the total amount which they received via subsidies. Thus;

Amount raise to support lobbying efforts to continue the corn subsidy =

1% × $3 billion = $30000000

D). the difference between which the amount raised by the recipients of the corn subsidy exceeds that of the amount raised by the opponents of the corn subsidy = $30000000 - $15000000 = $15000000

4 0
3 years ago
Other questions:
  • What is a mortgage?
    6·1 answer
  • Nikhil is a design manager for a production company. He independently assigns teams, chooses projects, researches trends, and is
    10·1 answer
  • Choose the BEST paraphrase of this sentence: Tashkent, the capital of Uzbekistan, has been an important market and trading place
    11·1 answer
  • onghorn Fabricators Inc. plans to expand its metals-forming facility over the next 5 years. The company will add 20,000 square f
    12·1 answer
  • Which of the following situations is the demand most likely to be reduced
    9·1 answer
  • Uptown Insurance offers an annuity due with semi-annual payments for 25 years at 6 percent interest. The annuity costs $200,000
    5·1 answer
  • The third and fourth principles of ______________suggest that organizations should give workers the training and incentives to d
    7·1 answer
  • Wilbur decides to sell his collection of rare stamps through an online auction site. When he is filling out the information abou
    13·1 answer
  • Flexible Budget for Various Levels of Production Budgeted amounts for the year: Materials 2 leather strips $7.00 Labor 1.5 hr. $
    11·1 answer
  • A bill of materials contains the ______. Multiple select question. type of materials to be drawn from the storeroom type of each
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!