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Ierofanga [76]
3 years ago
10

Market competition doesn't eliminate scarcity. True False

Business
2 answers:
Artist 52 [7]3 years ago
7 0

Answer:true

Explanation:i just got it wrong it is true

miskamm [114]3 years ago
6 0
False. the answer is false
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In a perfectly competitive market, all producers sellidentical goods or services. Additionally, there arefew buyers and sellers.
Katen [24]

Answer:

false

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

While the market for lettuce sells identical items, there are many buyers and sellers

7 0
3 years ago
Spending more money on homes and making the home environment pleasurable is a result of which consumer buyer behavior trend?
allochka39001 [22]
<span>This behavior trend where a consumer spends money on homes to make it pleasurable environment is called as cocooning. Cocooning means staying in a protective and comfortable way or place. It even means hiding yourself from real world which may not always be a ideal place.</span>
3 0
4 years ago
1. assets for lincoln company totaled $13,000, liabilities totaled $1,000, and stockholders' equity totaled $12,000. what is the
Fittoniya [83]

The ratio of liabilities to stockholders' equity is 0.083.

<h3>What is the ratio of liabilities to stockholders' equity?</h3>

Liabilities are future benefits that would have to be sacrificed in the future by an entity to other entities as a result of past transactions. An example of liability is account payable.

Stockholder's equity is the difference between assets and liabilities. Assets are resources that can be used to increase the value of the firm.  An example of an asset is account receivable.

The ratio of liabilities to stockholders' equity can be determined by dividing liabilities by stockholders equity.

The ratio of liabilities to stockholders' equity = liabilities / stockholders' equity

1000 / 12,000 = 0.083

To learn more about liabilities, please check: brainly.com/question/26513242

#SPJ1

5 0
1 year ago
Which performance management technique initially involves the identification of a large number of critical incidents, followed b
FrozenT [24]

Answer:

A. Behaviorally Anchored Rating Scale

Explanation:

The behaviorally anchored rating scales, called BARS for short, indicates both qualitative and quantitative data to the employees appraisal process. BARS uses behavioural movements as reference rather than using the traditional generic descriptors. It identifies critical behaviours of a large group, classify these behaviors into performance dimensions and then rank these behaviors into levels of performance.

8 0
3 years ago
Arthur is a tax preparer doing business as a sole proprietor. Under what circumstances could he receive a pass-through deduction
mestny [16]

It should be noted that the condition where he'll get a pass-through deduction is that he has a taxable income.

A pass-through deduction refers to a business that isn't subject to corporate income tax. Rather, such a business is taxed at individual income tax rates.

From the information given, the condition where Arthur will get a pass-through deduction is that he has a taxable income. Also, the deduction cannot be more than 20% of the taxable income.

Learn more about taxes on:

brainly.com/question/9437038

4 0
3 years ago
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