1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yanalaym [24]
3 years ago
12

Perfect competition is a market in which there are​ _____ firms, each selling​ _____ product; many​ buyers; _____ to the entry o

f new firms into the​ industry; no advantage to established​ firms; and buyers and sellers​ _____ about prices.
Business
1 answer:
Yuki888 [10]3 years ago
7 0

Answer:

Many

Homogenous

There are no barriers

Have perfect knowledge

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods. Because there are many sellers of homogenous goods, firms are price takers.

Because there are no barriers to entry, in the long run, firms earn zero economic profit.

Because buyers and sellers have perfect knowledge of prices, price arbitrage isn't possible.

I hope my answer helps you.

You might be interested in
Item 9Item 9 On September 12, Vander Company sold merchandise in the amount of $9,600 to Jepson Company, with credit terms of 2/
myrzilka [38]

Answer:

Explanation:

2/10 , n/30 is a credit term arrangement where the seller agrees with the buyer that if payments are made within 10 days after purchase , he will enjoy a 2% discount or otherwise pay the full invoice amount at 30 days.

As Jepson paid on the 18th of the same month which is 9 days after purchase , he is entitled to 2% discount on the sales.

<u>Journal Entry</u>

September 8

Credit Sales  - $9,600

Debit receivable = $9,600

September 18

Debit Cash  - $9,408

Debit sales discount - $ 192

Credit receivable - $9,600

5 0
3 years ago
An​ "excessive" budget deficit in this context is
rjkz [21]

Answer:

A) A relatively large budget deficit as a percentage of GDP beyond the European​ Union's deficit and debt rules.

Explanation:

A budget deficit is when the governments have more expenditures in a budgeted year than they have the revenues in form of taxes and other incomes. A deficit is excessive if it is large in comparison to the GDP.

In the European Union the budget deficit is considered excessive if it exceeds 3% of the running years GDP.

A public debt percentage to GDP of 60% or above is considered excessive as most of the GDP then is used for debt servicing and thus impacts negatively on the financial health of the country.

Hope that helps.

6 0
3 years ago
Campbell a single taxpayer, has $400,000 of profits from her general store that she operates as a sole proprietorship. She has $
ella [17]

Answer:

A) $80,000

Explanation:

According to the Internal Revenue Service (IRS), the deduction would be claim as a lower value of 20% qualified business income plus 20% of real investment or 20% of taxable income less net capital gains

So, 20% qualified business income = $400,000 × 20% = $80,000

And, the 20% of taxable income = $500,000 × 20% = $100,000

So, the lower value would be $80,000

8 0
2 years ago
During the second quarter of the year, Wallace Enterprises received $30,000 from customers in exchange for providing electronic
SSSSS [86.1K]

Answer:

On an income statement, the company would declare c. $21,000 expenses

Explanation:

Wallace Enterprises received $30,000 from customers in exchange for providing electronic components. Income from the exchange was $30,000

During the second quarter of the year, total expense = supplies expense + interest expenses + wages expense = $5,000 + $1,000 + $15,000 = $21,000

Income from the exchange - total expense = $30,000 - $21,000 = $9,000>0

The company recognizes gain $9,000.

On an income statement, the company would declare $21,000 expenses

5 0
2 years ago
If the maker of a note does not pay at maturity, __________.
ira [324]
The maker. Hope this helps. :)
3 0
2 years ago
Other questions:
  • A researcher is interested in studying the budgeting of money within a police department in a mid-sized American city. She gains
    8·2 answers
  • Should Obama Care system be continued into the future ?? Yes :Because considering an average of 20 million US citizen depend on
    13·1 answer
  • Adison Winery had beginning long-term debt of $41,436 and ending long-term debt of $46,883. The beginning and ending total debt
    12·1 answer
  • To follow is information about the units produced and total manufacturing costs for Pine Enterprises for the past six months. Mo
    6·1 answer
  • Americans spend the largest portion of their budget on _____
    13·1 answer
  • Ingredient lists on gum packages remain somewhat vague, even though these labels fall under federal regulations, because the man
    10·1 answer
  • The reason for the multiplier effect is that a. businesses make decisions about investment projects based on anticipated profits
    15·1 answer
  • The CCCS aids families by:
    10·1 answer
  • A collection of related web pages for one individual or organization is what?​
    14·1 answer
  • The semiannual interest payment on a $10,000, 5% bond would be
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!