The firms operating in a perfectly competitive market, sell their product in a market with many other firms that produce identical or extremely similar products.
<h3>What is a Product?</h3>
A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.
When all businesses sell identical goods, market share has no effect on prices, businesses can enter and exit the market without any restrictions, and businesses are unable to set prices, perfect competition is said to present.
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Answer:
The price will fall.
Explanation:
An increase in the quantity supplied with a corresponding decrease in demand will lead to a fall in prices.
Answer:
Correct option is A.
<u>The lawyer should make a motion for summary judgement</u>
Explanation:
A movement for rundown judgement is Sled offer the disclosure procedure attesting that no truthful debates exist and that if the appointed authority applied the law to the undisputed realities, her solitary sensible choice would be agreeable to the moving party.
The granting or regulation of licenses, as for professionals.
Answer:
The benefits of greenfield ventures are:
- Investors have larger control over the business they are creating fro scratch rather than acquiring an existing local business.
- The investor can avoid intermediary costs.
- The investor also has the possibility of setting their own marketing strategies.
Greenfield ventures means that the subsidiary will be built from scratch, which allows the parent company to fully shape its subsidiary as they want.