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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.

You might be interested in
You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.), both of which operate in t
Anuta_ua [19.1K]

Answer:

Debt ratio

94.16%

5.84%

Equity multiplier

17.13%

1.06%

Explanation:

The debt ratio can be calculated as follows

Lots of debt incorporation= total liability/total assets.

= 32.25/34.25

= 0.9416×100

= 94.16%

Lots of equity incorporation= 2.00/34.25

= 0.05839 × 100

= 5.84%

The eqiuty multiplier can be calculated as follows

Lots of debt incorporation= equity/multiplier

= 34.25/2.00

= 17.13%

Lots of equity incorporation= equity/multiplier

= 34.25/32.25

= 1.06%

5 0
3 years ago
The market demand for singing dolls is initially made up of 50 buyers. suppose there is a decrease in the number of buyers by 10
Setler79 [48]

I guess the correct answer is the quantity supplied to decrease.

The market demand for singing dolls is initially made up of 50 buyers. Suppose there is a decrease in the number of buyers by 10. Holding everything else constant, one would expect the quantity supplied to decrease.

8 0
4 years ago
The spending-income multiplier
aliina [53]

Answer: magnifies spending-income changes into greater changes in aggregate demand, causing demand-pull inflation

Explanation:

The spending multiplier is the ratio of the change in GDP to the change in the autonomous expenditure.

The spending income multiplier magnifies spending-income changes into greater changes in aggregate demand, causing demand-pull inflation. In a situation whereby there's a reduction in the investment spending, there'll be a recession.

4 0
3 years ago
Which business is exempt from using the accrual basis for accounting? A clothing manufacturer that has average gross annual rece
AnnZ [28]

Answer:

A home improvement store that just began business last year and had $2.7 million in gross receipts.

Explanation:

The IRS allows only a limited number of businesses to use cash basis accounting and in order to do so, the business must be:

  1. Partnership or C corporation with less than $5 million in total sales revenue per year
  2. Sole proprietorship or S corporation with less than $1 million in total sales revenue
  3. Cannot be a publicly traded corporation
  4. Personal service businesses with more than 95% of revenue specifically related to services.
  5. Family owned farms with total annual sales revenue less than $25 million.
3 0
3 years ago
Victoria’s 2021 tax return was due on April 15, 2022, but she did not file it until June 12, 2022. Victoria did not file an exte
Vesnalui [34]

Based on the information the amount of penalty that Victoria will have to pay is $850.

<h3>Penalty amount:</h3>

Using this formula

Penalty amount=(Tax return×Tax rate)×2

Where:

Tax return=$8,500

Tax rate=5%

Let plug in the formula

Penalty amount=( $8,500 x 5%) x 2

Penalty amount=$425×2

Penalty amount=$850

Inconclusion the amount of penalty that Victoria will have to pay is $850.

Learn more about penalty here:brainly.com/question/1178265

8 0
3 years ago
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