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Rama09 [41]
3 years ago
7

In a perfectly competitive market in​ short-run equilibrium,​ _______. A. the price and quantity bought and sold in the market a

re determined by the shutdown point B. only demand determines the price and quantity bought and sold in the market because all firms are price takers C. only supply determines the price and quantity bought and sold in the market because the good has many substitutes D. market supply and market demand determine the price and quantity bought and sold in the market.
Business
2 answers:
Thepotemich [5.8K]3 years ago
4 0

Answer:

D. Market supply and market demand determine the price and quantity bought and sold in the market.

Explanation:

In perfectly competitive market, equilibrium price and quantity is determined at the point where the aggregate supply curve and aggregate demand curve intersect.

If either supply or demand changes, the supply/demand curve will shift to intersect the demand/supply curve at a new equilibrium point.

In other words, although both suppliers and buyers are price-takers they both influence price and quantity bought and sold,<em> at the aggregate level</em>.

ruslelena [56]3 years ago
4 0

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While many others dreamed about owning their own business, Holly Gabrel decided to do something about it. Holly knew that being
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Answer:

e. all of these should be included.

Explanation:

These listed items are not entrepreneurial personality traits.  Holly is not expected to have any of them as traits because they are not.  Personality traits are human characteristics, which propel Holly as an entrepreneur to take entrepreneurial risks.  They include Creativity, Risk-taking, Passion, Planning, Social Skills, Open-mindedness, Decisiveness, Positivity, etc.  Holly abundantly possesses them.

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3 years ago
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The marketing firm need to focus their efforts on

product modification.

<h3>What is product modification</h3>

Product Modification includes changes that are done on an existing product to make it more acceptable.

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Therefore, The marketing firm need to focus their efforts on product modification.

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7 0
1 year ago
Read 2 more answers
BE18.12 (LO 2, 3) Manual Company sells goods to Nolan Company during 2020. It offers Nolan the following rebates based on total
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$103,400

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Does Manuel have any certainties that Nolan will purchase more than 30,000 units during the year? Apparently, according to historic sales, Nolan purchases at least 40,000 units per year, so Manuel should consider that Nolan will again purchase a similar amount this year and therefore, will be entitled to a rebate.

Another issue that must be considered is that 30,000 units / 4 quarters = 7,500 units per quarter, and Nolan clearly purchased more than that.

A rebate is not a discount, it happens when the seller offers a certain amount of goods to a buyer without cost because the buyer purchased more than an specific amount. It is basically an incentive or prize that Manuel gives Nolan for being a good client.

Manuel should recognize $110,000 x (1 - 6%) = $103,400 in revenues

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Identify the marketing research technique implied in the scenario. Tiara is planning to open a small café in her neighborhood. H
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Answer:

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