Consumer sovereignty and "dollar votes" are most related to which fundamental question about a competitive market system?

Business

1 answer:

enyata [817]3 years ago

7 0

Answer:

What will be produced.

Explanation:

Consumer sovereignty is the theory that consumer preferences determine the production of goods and services. This means consumers can use their spending power as 'votes' for goods. In return, producers will respond to those preferences and produce those goods.

A competitive market system is one that involves many buyers and sellers. This is a system where the supply and demand for goods and services largely determines what is produced, how it's to be produced, how much is produced, how the output is to be distributed, and how the economy absorbs change.

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7 0

2 years ago

Read 2 more answers

a. Only institutions, and not individuals, can participate in derivatives market transactions. b. If you purchased 100 shares of

Marina CMI [18]

Answer:

e. As they are generally defined, money market transactions involve debt securities with maturities of less than one year.

Explanation:

Statement E, As they are generally defined, money market transactions involve debt securities with maturities of less than one year is true.

Statement A is not true. It is primary market transaction.

Statement B is not true. Individuals can also participate in derivatives market transactions.

Statement C is not true. The IPO market is a subset of the primary market.

Statement D is not true. It is a direct transfer of capital.

4 0

3 years ago

Information-based industries are most susceptible to which one of Porter’s five forces?

nasty-shy [4]

The right answer for the question that is being asked and shown above is that: "a. rivalry among existing firms in an industry" Information-based industries are most susceptible to one of Porter’s five forces which is the a. rivalry among existing firms in an industry

7 0

3 years ago

After a hurricane in Florida knocked out the regional water supply for several days, the demand for bottled water increased shar

Crank

Answer:

The correct answer is letter "D": Price will increase, and quantity will increase.

Explanation:

If a natural disaster cuts the supply for water in a region, bottled water will face an increase in its quantity demanded as a substitute. Besides, due to scarcity, the bottled water is likely to face an increase in its price, thus, the equilibrium price of bottled water increases.

6 0

3 years ago

During the recent economic crisis, many financial managers and corporate officers have been criticized for (a) poor decisions, (

Ksju [112]

During the recent financial crisis, many financial managers and corporate officers have been criticized for (c) Large salaries. This criticism is certainly justified given that most executives received exorbitant compensation despite a plunge in the value of their companies. Thus, their salaries are not justifiable as they are not serving the needs of the shareholders whose interest they should serve.

7 0

3 years ago