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faust18 [17]
3 years ago
15

Under perfect competition, a firm is a price taker because:________.a. setting a price higher than the going price results in ze

ro salesb. each firm's product is perceived as differentc. each firm has a significant market shared. all of the above
Business
1 answer:
JulsSmile [24]3 years ago
5 0

Answer:

a. setting a price higher than the going price results in zero sales

Explanation:

Perfect competition markets are theoretical since there is not perfectly competitive market in the world, but some markets, specially commodities, work in similar ways. All the markets that work similarly to perfect competition markets have many sellers and buyers, and that prevents any individual seller or buyer from having to much market power, so all of them must be price takers if they want to sell their goods.

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Eddi Din [679]

Answer:

e.

Explanation:

If you work for a Market-oriented firm, the primarily focus of your efforts would be satisfying the wants and needs of their customers. This is because the main goal of a Market-Oriented firm, is exactly that, to increase profitability as much as possible by satisfying the wants and needs of the customers that purchase the products or services that your firm is offering.

7 0
3 years ago
Boxer Industries worked on four jobs during its first year of operation: nos. 401, 402, 403, and 404. A review of job no. 403's
kkurt [141]

Answer:

Overhead= $6,000

Explanation:

Giving the following information:

Job 403:

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Total manufacturing costs= direct material + direct labor + allocated overhead

50,000= 40,000 + (direct labor + allocated overhead)

(direct labor + allocated overhead)= $10,000

<u>We know that overhead is 50% higher than direct labor. In 100%, direct labor would de 40% and overhead 60%.</u>

direct labor=10,000*0.4= $4,000

Overhead= 10,000*0.6= $6,000

3 0
4 years ago
Which of the following set the first minimum wage? The Taft-Hartley Act of 1947 The AFL-CIO The Norris-LaGuardia Act of 1932 The
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Explanation:

6 0
4 years ago
If you plan to take money out of the bank frequently, what type of account should you get? A. A savings account B. A checking ac
kvasek [131]

B. Checkings Account

4 0
4 years ago
Read 2 more answers
A person is mad at their roommate so out of spite they decide to intercept a credit card offer in the mail, and fill it out in t
Rudik [331]

Answer:

The correct answer is letter "B": identity theft .

Explanation:

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3 years ago
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