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Citrus2011 [14]
4 years ago
6

Suppose the equilibrium price in a perfectly competitive industry is​ $15 and a firm in the industry charges​ $21. Which of the

following will​ happen? A. The​ firm's revenue will increase. B. The firm will not sell any output. C. The​ firm's profits will increase. D. The firm will sell more output than its competitors.
Business
1 answer:
iren [92.7K]4 years ago
3 0

Answer:

B. The firm will not sell any output.

Explanation:

A perfectly competitive industry happens when there are many sellers, the products are the same between sellers and it is easy to enter and leave the market. In this type of industry a company has to take the equilibrium price because the are several firms competing and if it tries to charge even a small amount higher than that, people will not buy anything as they will go with the competition.

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To keep the price of gas from rising quickly after Katrina, the government instituted price ceilings on the price of gasoline in
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Answer:

The correct answer is letter "D": shortages.

Explanation:

Price ceilings are price limits imposed by the government to avoid producers increasing the price of goods that can be considered as basic or necessary. Then, the price ceiling will increase the demand for those goods but not the supply. Under this scenario, there will be a shortage of that product because of the excess in demand over supply.

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3 years ago
alisa pursues the option to reallocate the bonus money which is currently only allocated to upper management. this will give emp
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Alisa pursues the option to reallocate the bonus money which is currently only allocated to upper management.<u> Problem solving conflict </u>handling style does this exhibit.

<h3>Problem solving conflict style:</h3>

In problem- solving mode, the individualities or groups in conflict are asked to concentrate on the problem, not on each other, and to uncover the root cause of the problem. This approach recognizes the oddity of one side being fully right and the other being fully wrong.

<h3>What's the meaning of conflict style?</h3>

Conflict is frequently best understood by examining the consequences of colorful actions at moments in time. These actions are usefully distributed according to conflict styles. Each style is a way to meet one's requirements in a disagreement but may impact other people in different ways.

Learn more about conflict style:

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7 0
1 year ago
A newspaper featuring a section on world news( essay) HELP PLZZZZZZZZ
ivolga24 [154]
You can do about the schools having flees and how they are moving to to alot of different schools and busses and how the bugs are getting bigger if it's base on the news
4 0
3 years ago
What time is it when you see this
Anna71 [15]

Answer:

2:45 am

Explanation:

8 0
3 years ago
Read 2 more answers
The self-supporting spouse of a registered representative has an account with your firm. Your firm is underwriting the initial p
schepotkina [342]

Answer:

A. cannot be purchased through the IPO

Explanation:

Financial Industry Regulatory Authority (FINRA) prohibits the purchase of equity IPOs (Initial Public Offerings) by industry "insiders." The list of prohibited purchasers includes FINRA member firms for their own accounts, officers and employees of member firms (and their immediate family members), fiduciaries to member firms (such as accountants and lawyers that are retained by FINRA member firms); and investment managers for investment companies, insurance companies, pension plans, who want to buy personally, etc.

The self-supporting spouse has an account with the firm and therefore cannot purchased through IPO.

5130. Restrictions on the Purchase and Sale of Initial Equity Public Offerings

(a) General Prohibitions

(1) A member or a person associated with a member may not sell, or cause to be sold, a new issue to any account in which a restricted person has a beneficial interest, except as otherwise permitted herein.

(2) A member or a person associated with a member may not purchase a new issue in any account in which such member or person associated with a member has a beneficial interest, except as otherwise permitted herein.

(3) A member may not continue to hold new issues acquired by the member as an underwriter, selling group member or otherwise, except as otherwise permitted herein.

5 0
3 years ago
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