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scoray [572]
3 years ago
8

What is a competitive​ market? A. a market in which a good can be bought and sold at the same price B. a market in which a good

is sold at a lower price than that for which it can be bought C. a market in which goods have a different ask price and bid price D. a market in which a good is bought for a lower price than that for which it can be sold
Business
1 answer:
Wittaler [7]3 years ago
5 0

Answer:

The correct answer is letter "A": a market in which a good can be bought and sold at the same price.

Explanation:

Competitive markets are those with large numbers of producers fighting against each other to fulfill consumers' needs. In these markets, the producers and consumers cannot determine the price of the goods or services being traded. Both <em>participants are price-takers</em> which imply they will come to a point in which the price level offered by producers and desired by consumers will be equal.

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Answer:

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4 0
2 years ago
38) A lottery ticket states that you will receive $250 every year for the next ten years. a. What is the present value of the wi
Stells [14]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

A lottery ticket states that you will receive $250 every year for the next ten years.

A)  i=0.06      ordinary annuity

PV= FV/(1+i)^n

FV= {A*[(1+i)^n-1]}/i

A= annual payment

FV= {250*[(1.06^10)-1]}/0.06= $3,295.20

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5 0
3 years ago
Sasha is a single woman who is paid $16 per hour for 2,000 hours of work per year. Using her exemption of $4,050 and her standar
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For this case what you must do is the following operation:
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 Substituting the values we have:
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3 years ago
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