1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ira Lisetskai [31]
3 years ago
14

Which of the following statements best reflects a price-taking firm?A. The firm can sell only a limited amount of output at the

market price before the market price will fall.B. Price-taking firms maximize profits by charging a price above marginal cost.C. If the firm were to charge more than the going price, it would sell none of its goods.
Social Studies
1 answer:
Taya2010 [7]3 years ago
3 0

Answer:

C. If the firm were to charge more than the going price, it would sell none of its goods.

Explanation:

A price-taker firm is defined as an individual company which must accept the prevailing prices in the market, lacking a market share to influence the market price on its own.

If a company is considered as a price taker in the competitive market, it does not have the power to influence the present market price by the quantity of the products it produces.

Thus if a price taking firm can charge more for a product than the going market price, then it would not sell its products.

Hence the correct option is (C).

You might be interested in
Robert Koch helped establish the germ theory of disease by discovering that anthrax was caused by a bacteria. After he isolated
Readme [11.4K]

Answer:

Inoculate them in healthy animals.

Explanation:

Koch could hypothesize that the bacteria he isolated from sick animals was the cause of Anthrax; however, he could only confirm this by inoculating the isolated bacteria into healthy animals expecting them to get sick as well. After they got sick, he had to again isolate the same bacteria from them.

3 0
3 years ago
Helpppp me plssss!!!
dybincka [34]

Answer:

Its ur mom

Explanation:

Edge1920

8 0
3 years ago
How is health care a problem in today's society
leonid [27]

it is exspensive and the benefits change on a yearly range

8 0
3 years ago
What is 45 w is 12:00 noon whate will be the local mean time at 90 E​
____ [38]

Answer:

9 pm

Explanation:

If the local mean time at 45° W is 12:00 noon, what will be the local mean time at 90°E?

Solution:

The lines of longitude run from north to south, measuring distance from east to west of the prime meridian. The line of longitude are used to measure time between different locations.

Each 15° = 1 hour, 1° = 4 minutes

Change in longitude = 45° + 90° = 135°

Change in time = 135° * (1 hour per 15°) =  9 hours

Final destination time = initial time + change in time

Final destination time = 12 noon + 9 hours

3 0
3 years ago
Which of these will NOT cause an increase in aggregate demand?
Ainat [17]

Answer:

A) decrease in the price level .

Explanation:

A decrease in the price level  will not cause an increase in aggregate demand.

8 0
3 years ago
Read 2 more answers
Other questions:
  • The United States has a constitution. Does Georgia have its own constitution? Why?
    11·2 answers
  • Pirate radio stations began to spring up as a result of:
    8·1 answer
  • The first Great Society program to address the "War on Poverty" was the (5 points)
    6·2 answers
  • Why did a large number of creek Indians believe that William Mcintosh between them
    8·1 answer
  • Conflict resolution includes all of the following_______.A.negotiation and diplomacy between partiesB.continued aggression betwe
    12·1 answer
  • Which of these is an important part of Shintoism? A) honoring spirits B) belief in one god C) following the creator gods
    7·1 answer
  • If the husband in the Kohlberg dilemma chooses to steal the drug because he values his wife's life and health, and their connect
    15·1 answer
  • Which countries gained independence during the twentieth century?
    7·2 answers
  • Evaluating alternative options and choosing one option among them is called the theory of bounded rationality. Please select the
    15·1 answer
  • Neo-platonic thought reconciled the classical beliefs of ancient greece and rome with what disparate culture?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!