When the price of a commodity is $11, where 1250 units are being bought and sold in a perfectly competitive market, the market price of the commodity will increase from its original price if the market is monopolized.
<h3>What is a perfectly competitive market?</h3>
In a market where there are less to zero restrictions for entry and exit of buyers and sellers in the market dealing in similar commodities, then such a market is known as a perfectly competitive market.
There is no pricing power in the hands of the buyers and sellers in the market, as there is no minimum or maximum limit on the number of sellers in the market, so the supply is not restricted in such a market.
Hence, it can be concluded that market prices are stable in a perfectly competitive market, and it generally increases in a monopolistic market.
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Answer:
B
Explanation:
as if u share a business then the time and management is also shared
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Companies like my gym, which seek to do business in new markets for manufacturing and/or marketing purposes, have many potential Entry modes at their disposal.
<h3>What is Manufacturing?</h3>
- Manufacturing is the process of creating or producing items with the aid of resources such as machinery, manpower, tools, chemicals, or biological formulations.
- It is the core of the economy's secondary sector.
- The phrase can be used to describe a variety of human endeavors, from handicraft to high-tech, but it is most frequently used to describe the industrial design, which entails the massive transformation of raw materials from the primary sector into completed commodities.
<h3>What exactly is marketing?</h3>
- The act of finding, creating, and providing value in the form of products and services to meet the demands of a target market is known as marketing; it may also involve choosing a target audience.
- Brand marketing is a strategy for advertising your entire brand in addition to your product or service. In essence, it emphasizes your entire brand while telling the story of your business or product.
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Answer:
The definition including its issue is listed throughout the clarification segment section.
Explanation:
- Christian businessman's justification becomes different from the traditional pioneering explanation. Christian groundbreaking purpose is bound up with devotion to and service to God. That businessman would have to be an investigator of righteousness, represent others, and use enterprise mostly as a tool to honor him.
- Those individuals know that a creative corporation needs major responsibilities. And throughout the most part, sufficient data are not available to completely perpetuate preferences. In this way, the Christian budding entrepreneur has been transformed into something like a committed, courageous man, with even a peril based around the conviction.
The Church businessman is drawn to something like an actual situation of competence throughout management, but he characterizes that perhaps the expense of skill would have been unintentional dissatisfaction as well as shortcomings.