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
harkovskaia [24]
3 years ago
8

What is pure competition?a. A theoretical market structure with very large numbers and identical products.b. A theoretical marke

t structure with very large numbers, identical products and freedom of entry and exit.c. A theoretical market structure with very large numbers, identical products, freedom of entry and exit, and perfect knowledge by all buyers and sellers of market conditions.
Business
2 answers:
S_A_V [24]3 years ago
6 0

Answer:

The correct answer is option b.

Explanation:

A pure competition is theoretical market structure with very large number of buyers and sellers, identical or homogenous products and freedom of entry and exit.

It is not applicable to the real world and is purely theoretical.

The perfect competition, on the other hand, is a similar market structure but it the consumers have perfect knowledge about the market.

serious [3.7K]3 years ago
6 0

Answer:

The answer is C

Explanation:

A theoretical market structure with very large numbers, identical products, freedom of entry and exit, and perfect knowledge by all buyers and selkers of narket conditions.

You might be interested in
Which phrase describes the substitution effect?
finlep [7]
I think it is 
<span>D.)substituting existing technology with a new technology to produce more goods
I hope this helps </span>
8 0
3 years ago
Read 2 more answers
Suppose the Federal Reserve sets the reserve requirement at 12 percent, banks hold no excess reserves, and no additional currenc
Naily [24]

Answer:

See below.

Explanation:

For a)

The money multiplier or the credit multiplier can be calculated as follows,

Money multiplier = 1 / reserve ratio

Multiplier = 1 / 0.12 = 8.33 times

For b)

For a negative $80 million change by the Fed there will be a total change in the economy of 80 * 8.33 = $666.4 million.

A -80 million change will contract money supply by $666.4 million in the economy.

For c)

This can be calculated by dividing the target by the money multiplier.

So to achieve a change of $500m the Fed will expand the money supply by

= 500 / 8.33 = $60.02m.

Hope that helps.

8 0
3 years ago
Penny Smooth, a U.S. trade negotiator, is using which conflict resolution technique if she makes the following statement to the
otez555 [7]

Answer:

E) Superordinate goals

Explanation:

Superordinate goals refers to goals that in order to be achieved, require that opposing or confronting sides of a negotiation process start to work together. Penny must be able to break down barriers in order to encourage people on opposite sides to view each other as people wanting to work and a company trying to do business, instead of someone or some group that we just dislike. That is essential for overcoming the differences that exist between both groups.

3 0
3 years ago
The Cromwell Company sold equipment for $35,000. The equipment, which originally cost $120,000 and had an estimated useful life
Alla [95]

Answer:

B

Explanation:

Original Cost -$120,000

Useful life -10 years

Residual Value - $20000

Annual depreciation - $(120,000-20000)/10 = $10,000

Accumulated depreciation for 4 years = 10*4= $40000

Book value at disposal = $120,000-$40000= $80000

Sales value = $35,000

Loss on disposal = $80,000-$35000= $45,000

5 0
3 years ago
In April of the current year, Freeman Steel Company transferred Herb Porter from its factory in Nebraska to its plant in Michiga
lilavasa [31]

Answer:

A. $96

B. $228

C. $42

Explanation:

A. Calculation to determine the Amount of SUTA tax the company must pay to Nebraska on Porter's wages

SUTA tax =$3,000 x 3.2%

SUTA tax = $96

Therefore the Amount of SUTA tax the company must pay to Nebraska on Porter's wages is $96

B. Calculation to determine the Amount of sUTA tax the company must pay to Michiganion Porter's wages

SUTA tax =($9,000 - $3,000 )x3.8%

SUTA tax =$6,000 x 3.8%

SUTA tax = $228

Therefore the Amount of SUTA tax the company must pay to Nebraska on Porter's wages is $228

C. Calculation to determine the Amount of the net FUTA tax on Porters wages

Net FUTA tax=$7,000 limit) x 0.6%

Net FUTA tax = $42

Therefore the Amount of SUTA tax the company must pay to Nebraska on Porter's wages is $42

3 0
2 years ago
Other questions:
  • if there is a major problem in a country that leads to the rapid withdrawal of foreign investment, this is known as​
    6·1 answer
  • TJ's has a market value equal to its book value. Currently, the firm has excess cash of $218,500, other assets of $897,309, and
    5·1 answer
  • Sage Company has recorded bad debt expense in the past at a rate of 1.5% of accounts receivable, based on an aging analysis. In
    9·1 answer
  • An anesthesiology group is under contract to staff a hospital’s anesthesiology service. It believes it can provide coverage by h
    13·1 answer
  • Jim is researching different sources to fund his college education. Jim is torn between a federal loan and a private loan. With
    7·1 answer
  • F the decrease in the supply of a product is greater than the increase in its demand, _____.
    12·1 answer
  • For planning control, and decision-making purpose:
    5·1 answer
  • Suppose you take out a car loan of $10,000 with an interest rate of 12% compounded monthly. you will pay off the loan over 48 mo
    13·1 answer
  • Which act directs manufacturers and sellers to detail the service coverage, terms, and exclusions on products?
    7·2 answers
  • Attracting attention, describing contents, explaining benefits, and identifying the uses of a product are all functions of:_____
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!