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
slavikrds [6]
3 years ago
10

A perfectly competitive firm_______.A. Chooses its price to maximize profits.B. Sets its price to undercut other firms selling s

imilar products.C. Takes its price as given by market conditions.D. Picks the price that yields the largest market share.
Business
1 answer:
diamong [38]3 years ago
4 0

Answer:

C. Takes its price as given by market conditions

Explanation:

A perfectly competitive firm is a firm operating in a market with a very large number of suppliers and their products are virtually the same.

Individual action has no effect on market equilibrium price and quantity, which are given by the point where aggregate supply curve intersect aggregate demand curve.

Therefore, they are price-takers.

You might be interested in
The blurring of the lines separating the subsets of the financial industry started in the 1970s. 1990s. 1960s. 1940s.
telo118 [61]
The blurring of the lines separating the subsets of the financial industry started in the <span>1990s. The blurring of the lines that separate the subsets of the financial industry was initiated in the 1990s under the regime of the president of the US, Bill Clinton. At the time, the financial products were mainly loans, payment services, deposits, savings, and fiduciary services. </span>
5 0
3 years ago
Kate also wishes to pay dividends on both her common shares and the preferred stock. She is a little confused between cash and s
11111nata11111 [884]

Find the answers in the explanation below

Explanation:

Cash dividend: Cash dividend is dividend that is paid in cash to shareholders in the event that the company or firm does not need the money for any kind of operation. This means that the company is giving economic value to its shareholders. This transfer of economic value to shareholder means that the shares price of the company will drop. An example is a company having a share dividend of 5%. That means that the price of the company shares will fall by 5%.

Stock dividend: Stock dividend unlike cash dividend is increase stock dividend as well as help stockholders to avoid tax. This subsequently does not increase the value of the company. For example, if stock dividend of a company is 5% and as much as 1 million shares, when stock dividends are declared the stockholder gets extra of 50,000 shares. The stock holder can either keep the shares or sell it to create his own

Cheers

5 0
3 years ago
When adding fields to a form, press Ctrl+F8 to show or hide the Field List.
siniylev [52]

Answer:

False

Explanation:

To show or hide the field list, when adding fields to a form, press  'ALT+F8'.

6 0
3 years ago
Canfield Technical School allocates administrative costs to its respective departments based on the number of students enrolled,
Svetradugi [14.3K]

Answer:

The total amount of administrative cost to the Accounting Department is $ 14,900.

Explanation:

In order to calculate the total amount of administrative cost to the Accounting Department, first we need to calculate the Utilization Ratio of the particulars, using the following formua:

Utilization Ratio=(Total amount particular/Utilised by accounting department)

Hence, the Utilization Ratio of Administration costs =(50/280)

                                                                                    =0.178

             the Utilization Ratio of Maintenance fee =(12,000/36,000)=0.33

             the Utilization Ratio of Utilities=(12,000/36,000)=0.33

Therefore, the total amount of administrative cost to the Accounting Department=(0.178×$50,000)+(0.33×$12,000)+(0.33×$6,000)

                  =$8,900+$4,000+$2,000

                  =$14,900

6 0
4 years ago
The marketing challenge is more directly aligned to the debate between universal ethics and _____.
Inessa05 [86]

The answer in the space provided is utilitarianism. It is because they are more focus on both of universal ethics and the utilitarianism in terms of building their product for the sake of their customers in order to meet the consumer’s needs.

8 0
3 years ago
Other questions:
  • Your estimate of the market risk premium is 9​%. The​ risk-free rate of return is 3.7​% and General Motors has a beta of 1.7. Ac
    10·1 answer
  • The marginal utility of the last unit of apples consumed is 12 and the marginal utility of the last unit of bananas consumed is
    5·1 answer
  • Last year, Linus earned a salary of $25,000 and he spent $24,000, thus saving $1000. At the end of the year, he received a bonus
    11·1 answer
  • Norred Corporation has provided the following information: Cost per Unit Direct materials Direct labor Variable manufacturing ov
    6·1 answer
  • A chemical bathroom cleaner has an ingredient X that allows the cleaner to lather well and remove stains. The cost of producing
    5·1 answer
  • 1. Choose a real or made up example of a company, and describe at least three variable costs the
    10·1 answer
  • For the majority of companies, the most common increase in the cost of production results from rising ____.
    5·2 answers
  • Annual Income Statement Data Selected Year-End Balance Sheet Data Sales $ 50,000 Prepaid expenses increase $ 3,000 Expenses: Inv
    14·1 answer
  • Does mixed economy have private ownership?
    12·1 answer
  • at the marriage of her daughter, lorna is given papers to sign, which the catering company says are the invoices for the food, s
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!