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
Roman55 [17]
3 years ago
15

The marketplace sets the price for wheat, so farmers who are trying to sell their wheat crops do not need a pricing strategy and

do just a little advertising when a crop comes in. The wheat is sold in a(n) __________ type of competitive market.a. oligopolyb. pure monopoly
c. pure competition
d. monopolistic competition
e. monopolistic oligopoly
Business
1 answer:
jek_recluse [69]3 years ago
5 0

Answer:

The correct answer is option c.

Explanation:

The only kind of market structure where the price is set by market forces and not the firms is pure competition. The firms in other market structures such as oligopoly, monopoly and monopolistic competition are price setters.  

The market for wheat is a pure competition as there is a large number of sellers who are producing identical products. The firms are price takers and the price is determined by market forces.

You might be interested in
​________ is not information generally found in your credit report.
beks73 [17]
B) College attended, grades, etc.
7 0
3 years ago
For a monopolistically competitive firm, at the profit-maximizing quantity of output,
elena-s [515]
The rest of it will be: price equals marginal cost. But this indeed is not true. The most accepted idea is that for a monopolistically competitive firm the average revenue and price are the same quantity. Now, when a monopolistically competitive firm is in long-run equilibrium, then the marginal revenue is equal to marginal cost. 
5 0
3 years ago
What is the difference between the conditions of secured and unsecured loans?
jek_recluse [69]

Answer:

if you are approved for a secured loan, a lender will put a lien on an asset until the loan is paid off. An unsecured personal loan, by contrast, does not require any collateral. Examples of unsecured loans can include credit cards, student loans, unsecured personal loans, and unsecured personal lines of credit.

4 0
2 years ago
Watson Foods, Inc. reported the following transactions for September 2019.
natulia [17]

Answer:

(d) $6,000

Explanation:

The computation of the total liabilities is shown below:

Total liabilities = Office equipment purchased - cash paid

                       = $10,000 - $4,000

                       = $6,000

The remaining amount would reflect the note payable which is come under the liabilities accounts which is shown in the balance sheet.

The other information which is given in the question is not related to the liabilities account. Hence, we ignored it.

4 0
3 years ago
Explain what test marketing is and its purpose?​
prisoha [69]

Test marketing is a marketing method that aims to explore consumer response to a product or marketing campaign by making it available on a limited basis before a wider release. Consumers exposed to the product or campaign may or may not be aware that they are part of a test group.

3 0
3 years ago
Other questions:
  • Adler Company is considering developing a new product. The company has gathered the following information on this product. Expec
    13·1 answer
  • A #10 can yields 120 oz. of pineapple. they plan to give each guest an 8-oz. portion. they estimate there will be 240 guests. ho
    12·1 answer
  • A view of a spectacular sunset along a private beach is an example of_______.
    8·1 answer
  • Sam is getting his bachelor's degree. During some of his course work, he honed his research skills and learned to
    13·2 answers
  • A formalized report that summarizes your current financial situation, analysis your financial needs, and recommends a direction
    14·2 answers
  • Marble Construction estimates that its WACC is 10 percent ifequity comes from retained earnings. However, if the company issuesn
    9·1 answer
  • A $1,000 par bond with a semi-annual coupon and 12 years to maturity is currently priced $880 and has a yield to maturity of 5.3
    15·1 answer
  • A demand for a product or resource because of its contribution to the final product is called
    10·1 answer
  • Compare and contrast modern workplace, social, and environmental ethical dilemmas in the hospitality industry.
    9·1 answer
  • the text presents three arguments in support of global advertising. what are those three arguments? multiple select question.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!