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tekilochka [14]
1 year ago
11

If there is allocative efficiency in a purely competitive market for a product, the maximum price consumers are willing to pay i

s?
Business
1 answer:
Veronika [31]1 year ago
7 0

If there is allocative efficiency in a purely competitive market for a product, the maximum price consumers are willing to pay is <u>equal to the minimum price producers are willing to accept.</u>

<u />

An efficient market exhibits allocative efficiency, also known as allocative efficiency, when resources are allocated in a way that maximizes utility for all participants.

The term "allocative efficiency" refers to the extent to which a given economy's resources are allocated effectively to meet the needs of its consumers and producers. When products, services, and capital are allocated and dispersed efficiently, everyone benefits.

Efficient markets have allocational or allocative efficiency, which ensures that all products and services are allocated to consumers in the most beneficial way possible. It occurs when participants in the market have access to reliable information that allows them to make educated choices about the allocation of their resources.

To know more about allocational/ allocative efficiency refer to:

brainly.com/question/7113859

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An important part of obtaining venture capital funding is going through ________ , which refers to the process of investigating
geniusboy [140]

Answer:

Due-diligence

Explanation:

Due diligence is the process of inspection by the venture capitalist to determine whether to invest in any company or not. In due diligence they gauge the potential of success of company and potential profitability. Due diligence process involves asking question to obtain important information to verification of  feasibility of business opportunity. The question is primarily involved around date from financial reports, legal aspects, any intellectual property possess, the assets and liability of company.

Since given in question key claims of business plan is being verified, therefore due diligence process is being followed in venture capital funding

5 0
3 years ago
The Ohio State University research on initiating structure and consideration was focused on identifying what aspect of leadershi
exis [7]

Ohio State University's research on initiating structure and consideration was focused on identifying the task-oriented aspect of leadership.

Task-oriented leadership occurs when the manager specifies the group's tasks and delegates assignments to each member, through clear processes and with a set deadline for completion.

In task-oriented leadership, the leader will clearly establish the initiation structure by organizing the group's actions guided by a well-defined schedule.

Therefore, Ohio State University research was focused on identifying task-oriented leadership, which is used to structure the workplace by directing the achievement of tasks and priorities through completion in the allotted time.

Learn more here:

brainly.com/question/15508197

8 0
3 years ago
Oakley Company does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $32,100. If
Murrr4er [49]

Answer: $2100

Explanation:

From the question, we are informed that Oakley Company does not ring up sales taxes separately on the cash register and that the total receipts for February amounted to $32,100 and the sales tax rate is 7%.

The amount that must be remitted to the state for February's sales taxes will be:

= $32,100/(1+7%) × 7%

= $32100/(1 + 0.07) × 0.07

= $32100/1.07 × 0.07

= $2100

7 0
3 years ago
Bank deposits that can be withdrawn on demand in various ways, including with a check or debit card, are called:
Nady [450]

Answer:

Demand deposits is the answer of your question

4 0
3 years ago
Paquette purchased a building and land and immediately tore down the building how should they record the expense?
hammer [34]

Paquette purchased

federalism

a building and land and immediately tore down the building

Reconstruction

.

Reconstruction

failed by most other measures: Radical Republican legislation ultimately failed to protect former slaves from white persecution and failed to engender fundamental changes to the social fabric of the South. When President Rutherford B.

federalism

debate that had been an issue since the 1790s almost mediately . Hayes removed federal troops from the South in 1877, former Confederate officials and slave returned to With the support of a conservative Supreme Court, these newly empowered white southern politicians passed black codes, voter qualifications, and other anti-progressive legislation to reverse the rights that blacks had gained during Radical Reconstruction. The U.S. Supreme Court bolstered this anti-progressive movement federalism  with decisions in the Slaughterhouse Cases, the Civil Rights Cases, and United States v.

Learn more about

Reconstruction

on:
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7 0
2 years ago
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