If a perfectly competitive business firm is a price taker, then: A. pressure from competing firms will force acceptance of the prevailing market price.
<h3>What is a perfectly competitive market?</h3>
A perfectly competitive market can be defined as a type of market that is typically characterized by many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
<h3>What is a
price taker?</h3>
A price taker can be defined as a business firm that is operating in a perfectly competitive market and is generally required to take the prevailing market price for its homogeneous product.
In this context, we can infer and logically deduce that pressure from other competing business firms would force acceptance of the prevailing market price when a perfectly competitive business firm is a price taker.
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Complete Question:
If a perfectly competitive firm is a price taker, then
A. pressure from competing firms will force acceptance of the prevailing market price.
B. it must be a relatively small player compared to its competitors in the overall market.
C. it can increase or decrease its output without affecting overall quantity supplied in the market.
D. quality differences will be very perceptible and will play a major role in purchasers' decisions.
Answer:
C I guessed
Explanation:
I guessed I don't know this tehe
Answer:
A, B, E
Explanation: I just did the question:)
Answer: {y∈R: y≤6} or [6,∞)
Explanation:
This problem doesn't require too much math. If you look at the equation given, you can see that it is a quadratic equation in the form of
. Since this is a quadratic equation, we have an idea of that the graph would look like. It either curves up or down. Since this is a positive equation,
, we know that this is going to curve up. In order to find the minimum of the curve, you would use
.
![\frac{-12}{2(3)}=-2](https://tex.z-dn.net/?f=%5Cfrac%7B-12%7D%7B2%283%29%7D%3D-2)
This means the x value of the parabola is -2. To find the y, you plug -2 into the original equation.
![f(2)=3(-2)^2+12(-2)+18](https://tex.z-dn.net/?f=f%282%29%3D3%28-2%29%5E2%2B12%28-2%29%2B18)
![f(2)=6](https://tex.z-dn.net/?f=f%282%29%3D6)
Now that we know the y value of the minimum/vertex is 6, and it is determined that the parabola curves up, the range is y≤6 because the range starts at 6 and goes off toward infinity.
The lens aperture is usually specified as an f-number, the ratio of focal length to effective aperture diameter. A lens typically has a set of marked "f-stops" that the f-number can be set to. A lower f-number denotes a greater aperture opening which allows more light to reach the film or image sensor.