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
Mumz [18]
3 years ago
14

In a perfectly competitive market, all producers sell identical goods or services. additionally, there are many buyers and selle

rs. because of these two characteristics, both buyers and sellers in perfectly competitive markets are price . true or false: the market for public utilities, like gas and electricity, does exhibit the two primary characteristics that define perfectly competitive markets.
a. True
b. False
Business
1 answer:
irina [24]3 years ago
5 0

Answer: False

Explanation:

A perfectly competitive market has the following characteristics,

a. Free entry and Exit

b. Sellers sell identical goods and services

c. Sellers and buyers are price takers

d. Many buyers and sellers

e. Perfect information

Gas and Electricity do not exhibit the two primary characteristics of perfectly competitive markets. This market has characteristics of a monopoly. Entry is restricted and the there are not many sellers.


You might be interested in
Colgate-Palmolive Company reports the following balances in its retained earnings. ($ millions) 2010 2009 Retained earnings $14,
ahrayia [7]

Answer:  $1,031 million

Explanation:

Given that,

Retained earnings(2010) = $14,329 million

Retained earnings(2009) = $13,157 million

Net income(2010) = $2,203 million

Amount of dividends = Retained earnings(2009) + Net income(2010) - Retained earnings(2010)

                                   = $13,157 million + $2,203 million - $14,329 million

                                   = $1,031 million

Therefore, amount of dividends did Colgate-Palmolive pay to its shareholders in 2010 is $1,031 million.

3 0
3 years ago
Read 2 more answers
Casello Mowing & Landscaping’s year-end 2018 balance sheet lists current assets of $435,200, fixed assets of $550,800, curre
Leona [35]

Answer: Stockholders equity $254,900

Explanation: Stockholders’ equity is the difference in a company's total assets and total liability. From the above question, total stockholders’ equity is calculated thus:

Current assets = $435,200

Fixed assets = $550,800

Total Assets. $986,000

Current liabilities = $416,600

Long-term debt = $314,500

Total liability. $731,100

Total stockholders equity is Total Assets less Total liability.

Total Assets. $986,000

Total liability. ( $731,100 )

Stockholders equity $254,900

8 0
3 years ago
Urban City wants to acquire undeveloped private land within the city limits to construct a public park. The city brings a condem
larisa [96]

This is the power of eminent domain.

<h3>What is eminent domain?</h3>

The power of a state, provincial, or national government to take private property for public use is known as eminent domain, land acquisition, compulsory purchase/acquisition, resumption, resumption/compulsory acquisition, or expropriation.

When the government acquires a home or business through eminent domain, it actually destroys value. It transfers property from a higher-value use to a lower-value use, as evidenced by the government's unwillingness to pay the price required to obtain the property voluntarily.

The term "Event of Eminent Domain" refers to any governmental authority's compulsory transfer or taking, or transfer under threat of compulsory transfer or taking, of any material property or asset owned by the Operating Company or any Project Company.

To know more about eminent domain.follow the link:

brainly.com/question/4281421

#SPJ4

8 0
2 years ago
What is revenue on an income statement? Select one:
Snezhnost [94]

Answer:

Without knowing your options to select from......

Explanation:

It is the top line or gross income figure from which costs are subtracted to determine net income. Sales Revenue formula. Revenue is also known as sales on the income statement.

6 0
4 years ago
If a nationwide sandwich shop chain introduces a new sandwich in the Midwest to try out its marketing strategy before offering t
Natasha_Volkova [10]

Answer: test marketing stage

                             

Explanation: In simple words, it refers to the market development stage  in which an organisation distribute their product to a specified audience, that belongs to their target market, for knowing their review on the product.

       This testing is done before the product is launched to the complete market. It helps the organisation to evaluate whether they should launch the product or not and if they should make some changes in it before doing so.

    Hence from the above we can conclude that in the given case the company is in test marketing stage.

4 0
4 years ago
Other questions:
  • you sell 300 laptops per week at $690 per laptop. You sell 432 tablets per week at $590 per tablet. Which generates more dollars
    10·2 answers
  • Rational choice theorists would define the behavior of corporate executives who outsource many jobs to countries where the cost
    7·1 answer
  • Valley paragliders association files a suit against wing designers, inc., claiming that the consideration for their contract is
    10·1 answer
  • Curtis, age 29, did not have health care coverage all year. His AGI is $35,000. What is the maximum Shared Responsibility Paymen
    12·1 answer
  • Select the correct answer. Which kind of relativism suggests that the moral truth is subjective with regard to ethical practices
    15·1 answer
  • Uber's review of drivers average passenger rutings., in order to make personnel decisions, is an example of which of the followi
    9·1 answer
  • Valarie owns a company that makes specialized components for the auto industry. Her most important customer is a company that is
    14·1 answer
  • Fully vested incentive stock options exercisable at $50 per share to obtain 24,000 shares of common stock were outstanding durin
    12·1 answer
  • Jane operates a home decorations shop selling slightly used goods. She bought a painting from Sally for the shop. Bob came into
    5·1 answer
  • To increase and improve employees' work efforts in organizations, organizations should link ________ to ________ such as bonuses
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!