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Anon25 [30]
2 years ago
5

In a perfectly competitive​ market, if one seller chooses to charge a price for its good that is slightly higher than the mark

et​ price, then it will
Business
1 answer:
Bogdan [553]2 years ago
8 0

In a perfectly competitive market, if one seller chooses to charge a price for its good that is slightly higher than the market price, then it will <u>lose all or almost all of its customers</u>

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

A hypothetical market system is referred to as perfect competition. There are no monopolies under a scenario of perfect competition. A few essential traits of this type of structure include:

  • All businesses sell the same thing (the product is a commodity or homogeneous).
  • Every company is a price taker (they cannot influence the market price of their products).
  • Price changes are unaffected by market share.
  • Buyers have complete or perfect knowledge of the product being offered and the prices each company is asking (in the past, present, and future).
  • Labor and capital resources are completely mobile.
  • Companies are not charged to enter or leave the market.

To learn more about perfectly competitive market with the given link

brainly.com/question/13961518

#SPJ4

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Answer:

I believe your answer is Statistics showing that the city landfill is close to overflowing

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3 years ago
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In an international context, the value of centralization will vary according to
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4 years ago
How will this be displayed in a journal entry? T-account?
nydimaria [60]

Answer:

Date         Account titles and description

20                                 No entry  

26                                 No entry  

31                                  No entry  

31                                  No entry

Explanation:

1. Only $5,500 was submitted by Brett. No incorporated financial transaction

2. Owner not prepared to pay $5.500

3. Also Brett's provision for vehicle prices to be winterised will be $75.

4. Once Brett paid the salary ' under the table, ' the employee was willing to work $3 less per hour. Salary only fee not charged or due.

Thus, no log entry as well as T accounts have been completed.

8 0
3 years ago
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A commercial bank has checkable-deposit liabilities of $500,000, reserves of $150,000, and a required reserve ratio of 20 percen
soldi70 [24.7K]

Answer:

b. $50,000 and $250,000.

Explanation:

The computation is shown below:

The required reserve is

= Check-able-deposit liabilities × reserve ratio

= $500,000 × 20%

= $100,000

The excess reserves is

= Actual reserves - required reserves

= $150,000 - $100,000

= $50,000

And, the amount that increase the loan is

= Excess reserves ÷ reserve ratio

= $50,000 ÷ 20%

= $250,000

8 0
4 years ago
Project A requires a $280,000 initial investment for new machinery with a five-year life and a salvage value of $30,000. The com
solong [7]

Answer:

4 years

Explanation:

Payback period is the time in which a project returns back the initial investment in the form of net cash flow.

Initial Investment = $280,000

Net Income = $20,000

To calculate the net cash flows add bask the depreciation expense in Net income each year.

Depreciation = ($280,000 - $30,000) / 5 = $50,000

Net Cash Flow = $20,000 + $50,000 = $70,000

Payback period = Initial Investment / yearly cash flow = $280,000 / $70,000 = 4 years

5 0
3 years ago
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