Firms are known to be free to set price and also to face strong competitive pressure. Competitive price-searcher markets may still be consistent with economic efficiency because they provide consumers with a greater diversity of products.
- Firms in competitive price-searcher markets that has a small entry obstacles often face a downward sloping demand curve. Competition often exists from existing firms and new rivals.
Firms that exist in a perfectly competitive market are known to be price takers due to the fact that once the market determines an equilibrium price for the product, firms need to accept the stated price.
For an individual to sell a product in a perfectly competitive market, one must just be happy with the price.
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Answer:
The owner's equity at the end of the year results to $64,400
Explanation:
We are able to calculate this through simple addition and subtraction
First we must view how much was payed through tax
t = 4,200 - 3,200 = 1,000
58,900 - 1,000 = 57,900
Than, due to the repurchase of $6,500 of stock, we must include this within our final equation
57,900 + 6,500 = 64,400
Hope this helps
Answer:
The correct answer is D.
Explanation:
The term social responsibility can be defined as an ethical framework or idea where the individuals and organizations feel obligated to work for the benefit of society at large. They feel accountable to a larger society.
We know that a trade-off exists between economic growth and the welfare of society. The idea of social responsibility is to make an equilibrium between these two such that both economic growth and social welfare is achieved.
This idea is not only limited to organizations but to anyone whose actions affect the environment.
Answer:
Focused differentiation.
Explanation:
This strategy usually focuses on narrow segments which tends to achieve either an advantageous cost or differentiation.
Differentiation is also said to involves making your products or services different from and more attractive than those of your competitors. How you do this depends on the exact nature of your industry and of the products and services themselves, but will typically involve features, functionality, durability, support, and also brand image that your customers value.
Answer:
ang hirap sa gutan kala ko madali lng haha
