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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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The monetary base is equal to
ss7ja [257]

Answer:

The correct answer is option A.

Explanation:

The monetary base can be defined as the amount of money that is in circulation in the hands of the public or held as reserves by banks.  

The monetary base in an economy is equal to all currency in circulation plus reserves held by banks.  

In other words, it includes highly liquid funds such as coins, notes, and bank deposits.  

The money supply is a broader concept than the monetary base and includes the monetary base and other assets as well.

6 0
3 years ago
What are the remains after the costs of running a business have been paidA. stockB. taxesC. profits
Vlad [161]
The answer is C. Profits.
Hope this helped!
3 0
3 years ago
Maya got a job transfer from Italy to New York. After working for some time in New York, she started to understand the mental mo
alisha [4.7K]

Answer:

C. The capacity to empathize and act effectively across cultures.

Explanation:

Since in the question it is mentioned that the use the words and behavior that are compatible with the new york local culture so here the global mindset that arise in her life represent the attribute with related to the capacity for empathizing and it act effectively over and across the culture

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7 0
3 years ago
The foreign corrupt practices act of 1977 makes it illegal for u.s. firms to select one:
diamong [38]
The answer is <span>a. attempt to make large payments or bribes to influence policy decisions of foreign governments.</span>
8 0
3 years ago
Given the following list of accounts with normal balances, what are the trial balance totals of the debits and credits?
Alexeev081 [22]

Please see attached image to see the given data.

 

The trial balance totals of the debits and credits are $2,250 debit, $2,250 credit.

 

<span>$1000 (cash) + $500 (Equipment) + $750 (Salaries Expense) = $2,250 Debit

$350 (Accounts Payable) + $900 (Capital) + $1000 (Service Fees) = $2,250 Credit</span>

7 0
3 years ago
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