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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.

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3 years ago
Michael Jordan purchases (long) 10 shares of XYZ stock for 23.00 per share. Six months from now he will sell all 10 shares. The
melamori03 [73]

Answer:

a) Breakeven price = Purchase price + Interest amount that would have been earned on the invested amount

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One is lower risk

Explanation:

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