All categories

3 years ago

· firms produce and sell identical products

2 answers:

5 0

The appropriate response is perfect competition. It is the circumstance winning in a market in which purchasers and merchants are so various and all around educated that all components of restraining infrastructure are missing and the market cost of a product is outside the ability to control of individual purchasers and dealers.

maks197457 [2]3 years ago

4 0

the answer is: C. perfect competition

In a prefect competition, all competitors in a certain market operates without having any competitive advantage over one another beside their selling techniques.

One advantage of this type of market is that it's convenient for the costumers, since they do not have to conduct in prolonged bargaining fearing that the sellers would give them an overpriced product.

One disadvantage of this type of market is that it provide the customers with very little options due to the similarity of price and type of products sold in the market.

You might be interested in

A combination of high crude oil prices and government subsidies for ethanol have led to a sharp increase in the demand for corn

Firlakuza [10]

Answer:

a) Increase

b) Increase

c) Increase

d) Increase

e) Increase

Explanation:

a) The price of corn

The increase in the demand for corn will cause an increase in the price of corn

b) The quantity of corn supplied

The quantity of corn supplied will increase rapidly in the short run before equilibrium will be established in the market

c) The cost of producing soybeans and wheat crops will Increase due to the High demand for corn hence the supply will decrease as well

d) The price of cereals and other products produced from corn will Increase as well

e) The price of beef and other meat gotten from animals that fed on Corn will Increase as well because the cost of their feed will increase

3 0

3 years ago

According to the Bureau of Labor Statistics, what are some reasons for the decline in Manufacturing jobs? Check all

OverLord2011 [107]

Answer:

The answers are A,B,C on EDGE2021

Explanation:

Please mark me brainliest

3 0

3 years ago

?daniel has started a small shoe manufacturing company. he does not want the best equipment at the moment, so he is using equipm

Rama09 [41]

In this scenario, Daniel is satisficing.
According to its definition, to satisfice means 'decide on and pursue a course of action that will satisfy the minimum requirements necessary to achieve a particular goal.' So, Daniel is weighing his options and looking for the means which will provide him with the best results possible when it comes to his small shoe manufacturing company.

3 0

3 years ago

The next day kade opens the letter in order to proofread it. he realizes that there is some formatting in part of the letter tha

dedylja [7]

After using the format painter, he wants to turn it off. The key he should press is the Esc key. It is found on most computer keyboards and used for any of various functions, as to interrupt or cancel the current process or running program, or to close a pop-up window.

8 0

4 years ago

Which of the following is an example of a sunk cost?

coldgirl [10]

Answer:

The correct answer is option D.

Explanation:

Sunk costs can be defined as those costs which already been incurred and cannot be recovered anymore. These costs are excluded from business decision making.

It is can be referred to as a cost that is no longer relevant.

The $8 paid for a ticket, after the person starts watching the movie is a sunk cost as it cannot be recovered anymore.

Sunk costs are contrasted to relevant cost which is yet to be incurred in the future. Cost pf machinery, equipment, etc are examples of sunk cost.

3 0

3 years ago