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tekilochka [14]
3 years ago
13

Please select the word from the list that best fits the definition a market structure in which a large number of firms produce t

he same product
Business
2 answers:
Leona [35]3 years ago
6 0

Answer:

perfect competition

Explanation:

Perfect competition in a market means that none of the agents can influence the price of the good or service, that is, both sellers and buyers are price-acceptors.

It is a market in which there are a large number of producers of a very homogeneous product or service, where the demand curve is perfectly elastic and the market price (or equilibrium) arises from the interaction between suppliers and applicants.

When we talk about perfect competition we mean an almost ideal and unlikely economic situation in reality, in the real world there is no such simple and ideal economy. However, this model is very useful in the economic study of markets that, in some cases, may come to resemble.

Shkiper50 [21]3 years ago
3 0

Answer:

Perfect competition is a market structure in which a large number of firms produce the same product.

Explanation:

Items at a grocery store are an example of perfect competition. onsumers have many options at multiple price points.

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mezya [45]

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Crab

Explanation:

crab likes points

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3 years ago
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An electronic ________ is essentially a collection of personal computers networked together with sophisticated software tools to
Lorico [155]

Answer:

The correct answer is letter "E": meeting system.

Explanation:

An Electronic Meeting System (EMS) is a form of a networking-based group in which its members are connected through computers so they collectively can take decisions, solve problems, discuss over certain topics, and provide anonymous valuable feedback. EMS is used as a meeting platform for large entities with centralized decision-making but a presence in different regions around the world.

<em>EMS disadvantage is relying on different internet connections for the meeting. If one of them is not stable the meeting is likely to be interrupted frequently.</em>

3 0
3 years ago
A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied;
iVinArrow [24]

Answer:

supply curve to the right.

Explanation:

A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied; conversely, especially good weather would shift the supply curve to the right. Drought refers to a period characterized by little or no rainfall in a geographical location over a specific period of time. When there's a drought, the production of agricultural products will be very much affected, thereby causing a decrease in the quantity of farm products.

On the other hand, a good weather would cause an increase in the quantity of farm products and as a result of this, the supply curve would shift rightward because there's enough product to meet the customer's demands or needs.

4 0
3 years ago
For an automobile company, the total overhead applied was $48,000,000 at the end of the year. Actual overhead was $52,850,000. C
ICE Princess25 [194]

Answer:

Net income decreased by $4,850,000.

Explanation:

Given total overhead applied = $48000000

The actual overhead = $52850000

Over/under Applied overhead = total overhead applied - Actual overhead at the end of the year.

Over / under Applied overhead = 48000000-52850000

Over / under Applied overhead = -$4850000

From the calculation, it can be seen that the overhead is underapplied therefore when under applied overhead allocated to cost of goods sold then cost of goods sold decreased by $4850000.

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3 years ago
Wanda is at work, on the clock, and is working on her private commercial business. She receives a reprimand from her supervisor.
Darina [25.2K]

Answer:

Her organization is permitted to monitor and the company's gadget she uses.

Explanation:

The fact that she is still an employee I that organization, the organization has the right to monitor her activities in the working environment. She has to get herself comported and follow the work I g ethics of the firm.

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3 years ago
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