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slavikrds [6]
2 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]2 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.

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An increase in price causes an increase in total revenue when demand is
nadezda [96]

Answer:

elasticity of demand will be inelastic

Explanation:

Here in the question it is provided in the statement that with an increase in price there is an increase in total revenue

Therefore,

change in price and change in revenue will be positive

Mathematically,

\frac{dR}{dP} > 0

Now,

When,

\frac{dR}{dP} > 0

then,

the elasticity of demand will be Ed will be < 1

which means the elasticity of demand will be inelastic

7 0
2 years ago
You invest $100 in a risky asset with an expected rate of return of 0.12 and a standard deviation of 0.15 and a t-bill with a ra
kvasek [131]
<span>57% and 43%
I'm pretty sure that this is what you're looking for so if you need more help or want me to explain this more just ask!
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6 0
3 years ago
Sophie is highly concerned about what others think of her. She is extremely careful about freely displaying her feelings and opi
antiseptic1488 [7]

Answer:

The correct answer is letter "C": high on self-monitoring.

Explanation:

American psychologist Mark Snyder proposed the self-monitoring scale to explain how much people measure their behavior and affective demonstrations in front of others. Self-monitoring is the ability individuals have to evaluate their behavior to provide a good impression to others.

Thus, Sophie would score high in a self-monitoring test.

4 0
3 years ago
Scientists assign each kind of organism a universally accepted name in the system known as:.
Viefleur [7K]

Answer:

Binomial nomenclature.

Explanation:

What is Binomial nomenclature?

a system for giving each organism a two-word latin name that consists of the genus name followed by the specifies name taxonomy.

4 0
2 years ago
Read 2 more answers
Al contracted to sell his house to bev. subsequently, they both changed their minds and agreed to cancel the contract. the contr
TEA [102]
Given that <span>Al contracted to sell his house to bev. subsequently, they both changed their minds and agreed to cancel the contract.

The contract between al and bev is discharged by rescission.</span>
6 0
3 years ago
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