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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).

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Explanation:

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The book, The Cloud of Unknowing, was written in  Middle English in the late 14th century. This book is based on the mystical theories and practices practiced in Christianity. This book gives the message to humanity to surrender oneself to the will of God.

The Cloud of Unknowing was translated by Saint Denis. There are 17 manuscript of this book.

Therefore the answer is ---

"The Cloud of Unknowing"

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Explanation:

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The Bill of Rights was added to the constitution in order to what
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Answer:

To ensure Ratification

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Bill of Rights was added to Constitution to ensure ratification. ... To ensure ratification of the document, the Federalists offered concessions, and the First Congress proposed a Bill of Rights as protection for those fearful of a strong national government.

Hope it helps!

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