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vlada-n [284]
3 years ago
13

The model of competitive markets relies on these three core assumptions: 1. There must be many buyers and sellers—a few players

can't dominate the market. 2. Firms must produce an identical product—buyers must regard all sellers' products as equivalent. 3. Firms and resources must be fully mobile, allowing free entry into and exit from the industry.
Business
1 answer:
iren [92.7K]3 years ago
4 0

Answer:

A Perfectly competitive market

Explanation:

To answer the question above, the model of competitive market is called A Perfectly competitive market.

A perfectly competitive market is a hypothetical market where competition is at it's greatest possible level. Neo-classical economist argued that perfect competition would produce the best possible outcomes for consumers, and society.

An industry structure in which there are many firms, none large enough to influence the industry, producing homogeneous products. Firms are price takers. There are no barriers to entry . Agriculture comes close to being perfectly competitive.

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Suppose that you purchased a conventional call option on growth in Non-Farm Payrolls (NFP) with an exercise price of 210,500 job
kow [346]

Answer:

Suppose that you purchased a conventional call option on growth in Non-Farm Payrolls (NFP) with an exercise price of 210,500 jobs. The NFP conventional contract pays out $85 for every job created in excess of the exercise price. a. What is the value of the option if job growth is 193,500.

The value of the option if job growth is 193,500 is $0.

Explanation:        

Since the job growth of 193,500 is less than the exercise price of 210,500 jobs, the value of the option on the contract in the given question is Zero.

Therefore, the value of the option if job growth is 193,500 is $0.

7 0
3 years ago
Read 2 more answers
Which aspect of the Omnibus Trade and Competitiveness Act allows a U.S. president the authority to restrict sales of a country’s
Kipish [7]

Answer:

Market Access

Explanation:

Based on the information provided within the question it can be said that the aspect that is being mentioned is known formally as Market Access. This term refers to the process of making sure that anyone who may benefit has fast and easy access to the brands that are being sold and at the correct price, and that there are no unfair restrictions being imposed.

3 0
3 years ago
The general pattern that consumption of the first few units of any good tends to bring a higher level of utility to a person tha
spin [16.1K]

Answer:

Law of Diminishing Marginal Utility

Explanation:

The Law Of Diminishing Marginal Utility states that all things being equal as consumption rises the marginal utility derived from additional unit of consumption falls.

7 0
3 years ago
In a business report, the conclusions present suggestions on how the problem might be solved Group of answer choices True False
Yuki888 [10]

Answer:

False

Explanation:

In a business report, the conclusions section explains what all the collected information means and summarizes the most important parts of the report.

While the recommendations section actually presents a list of suggestions and/or specific actions that should be taken.

7 0
3 years ago
During Burns Company's first year of operations, credit sales totaled $166,000 and collections on credit sales totaled $118,000.
marusya05 [52]

Answer:

1. Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense.

1  

Db Bad debt expense_______ 3320  

Cr Allowance for bad debt_________________  3320

 

2  

Db Allowance for  bad debt__ 430  

Cr Account Recevaible_____________________  430

2. Show the year-end balance sheet presentation for accounts receivable.

Account receivable__________47570  

Net account receivable_______44250

Explanation:

Credit sales 166000  

Credir sales 118000  

 

Bad debt losses 2%  

 

Writte off 430  

 

Allowance 3320  

 

 

1  

Db Bad debt expense_______ 3320  

Cr Allowance for bad debt_________________  3320

 

2  

Db Allowance for  bad debt__ 430  

Cr Account Recevaible_____________________  430

 

 

Year end balance___________48000  

Cr Account Recevaible_________430  

Account receivable__________47570  

Allownace for bad debts_______3320  

Net account receivable_______44250  

5 0
3 years ago
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