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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

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This means that the figure might be 6.2% percent of off and there is a 90% chance of the figure being correct to 6.2%
7 0
3 years ago
Joe sold gold coins for $1000 that he bought a year ago for $1000. He says, "At least I didn't lose any money on my financial in
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Answer:

TRUE

Explanation:

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In this case, if Joe chooses Invest in a bank deposit in the place of Gold coins, he can enjoy 3% more return at the place of no profit and loss, so Joe had loss his 3% opportunity cost.

8 0
3 years ago
Peter is creative and excels with visual presentation. He enjoys working in small groups and in an active work environment. Whic
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Answer:

Painter

Explanation:

He is creative and active work environment can be in nature for a painter

5 0
3 years ago
Read 2 more answers
Economic expansion throughout the rest of the world raises the world interest rate. Use the Mundell–Fleming model to illustrate
Kobotan [32]

Answer: The answer is provided below

Explanation:

The fiscal expansion in the rest of the world will lead to an increase in the world interest rate and a decrease in the domestic investment.

As a result, a rise in the world interest rate will lead to an increase in the national income and also lower the nominal exchange rate.

The diagram has been attached.

5 0
2 years ago
Grady exchanges qualified property, basis of $21,833 and fair market value of $26,200, for 60% of the stock of Eadie Corporation
Svetach [21]

Answer:

$26,200

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Basis = Original basis of qualified property + Current gain

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Thus,  basis that Gredy takes for the share of Eadie stock is $26,200

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2 years ago
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