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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.

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Luxguard Home Paint Company produces exterior latex paint, which it sells in one-gallon containers. The company has two processi
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The cost of ending work in process inventories and of units transferred out of the Base Fab Department in April is  $851,00  and $999,000and  $1850,000

The calculation of this question and working of solutions is in tabular form which is attached to this answer.

What is Cost?

The cost is of two types - Variable and Fixed . Variable costs exchange based on the amount of output produced. Variable costs may include labor, commissions, and raw materials. constant costs continue to be the same no matter production output. fixed charges may additionally include hire and rental bills, coverage, and interest payments.

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5 0
2 years ago
In the case of existing customers, ________ gives the information on the date and type of contact,
TEA [102]

Answer:

performance data

Explanation:

It seems that the question is structured a little off, but based on the information that is provided the answer that would go in the blank area would be performance data. As mentioned in the question performance data provides all the information regarding a single transaction, including the date and type of contact that inquired about the product in question. Which is what is being described in the question as well as answers a) and b) which i believe is part of the initial question and not answer choices.

4 0
3 years ago
Cagney and Lacey enter into a written contract to open "Tried and True," a store specializing in used guns recovered from murder
emmasim [6.3K]

Answer:

3. No, due to unilateral mistake

Explanation:

Lacey and Cagney both had agreed to wok for 30 hours per week and the agreement is in written format since it is enforceable. Both of them are sharing 50% profits so both will have to share the duties equally. When Lacey makes an excuse and is working for 20 hours per week only Cagney can sues her and she is in a probability to win against her. Lacey should have informed Cagney about the vacation from school scenario before signing the contract.

6 0
3 years ago
When the Fed buys securities from the public, banks' reserves ________ and the quantity of money ________.
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When Fed buys securities from the public, banks' reserves increases and the quantity of money reduces in supply.

<h3>What are Securities?</h3>

Securities simply put are assets that has monetary values like bonds, stocks and they can be traded.

In recent times, people enjoy the digital form of money/securities like cyptocurrencies.

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brainly.com/question/25720881

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2 years ago
What is the sum?<br>8+(-12)<br>0 -20<br>-4.<br>20​
Liula [17]

Answer:

is it negative 8? let me know if u get it rt

3 0
3 years ago
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