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vekshin1
3 years ago
15

A perfectly competitive industry is characterized by :

Business
1 answer:
Ivenika [448]3 years ago
5 0

Answer: Option b

           

Explanation: Perfect competition refers to a market structure in which there are large number of small sellers selling identical products in the market. Due to large number of participants no individual firm is able to affect prices on the basis of their operations.

It is not possible earn abnormal profits in such a market structure.

Hence from the above we can conclude that the correct option is B.

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The correct answer is layers of management. Layers of management is defined as a centralized, bureaucratic organization structure by which it is composed of three levels of management that are; top-level, middle level, and first level managers that are less top level managers.

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Which of the following is NOT an advantage of owning a car?
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I think it’s D but I’m not sure
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If the demand for steak (a normal good) shifts to the left, the most likely reason is that:______.
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If the demand for steak (a normal good) shifts to the left, the most likely reason is that consumer income has fallen.

<h3>What is a normal good?</h3>

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls.

The demand curve shows the relationship between price and quantity demanded. A shift to the left of the demand curve indicates that demand has decreased.

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1 year ago
Golf Digest Companies marketing research department used focus groups, consumer diaries, purchase protocols and in-depth intervi
Radda [10]

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D. Qualitative methods

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Qualitative research methods are techniques used in research which involves open ended questions and Communications.

IN QUALITATIVE RESEARCH METHODS ARE SPECIFICALLY DESIGNED TO ENHANCE OPEN COMMUNICATION,IT HELPS THE RESEARCHER TO GET IN DEPTH KNOWLEDGE ABOUT THE RESEARCH AUDIENCE.

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3 years ago
Explain whether each of the following will cause a shift of the AD curve or a movement along the AD curve. a. Firms become more
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Answer:

a. AD curve will shift to the right

b. AD curve will shift to the left

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