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Elena-2011 [213]
3 years ago
13

In the long​ run, profits will equal zero in a competitive market because of

Business
1 answer:
aliya0001 [1]3 years ago
7 0
<span>In the long​ run, profits will equal zero in a competitive market because of free entry and exit.

Because there is free entry in a market, the competition can come and go as they please.  This stops the ability for a company to have a monopoly because any company can come and sell the product. Companies are also able to leave a market but they may leave behind their goods without profit. 
</span>
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On July 1, the inventory of at Barnett Shoes was $60,000. Because of anticipated back-to-school sales, the owner wants to have a
AVprozaik [17]

Answer:

required purchase             83,500

Explanation:

The cost of inventory in july sales and our desired ending invenory is the amount we need. the beginning inventory is a portion of this demand already fullfil, we need to purchase for the difference.

cost of inventory sales for July:

           70,000 x (1 - 45%) =  38,500

desired ending inventory   105,000

beginning inventory        <u>    (60,000)   </u>

  required purchase             83,500

4 0
3 years ago
What does the term "judgment-proof" imply about a debtor? A. He/she has defaulted on a mortgage B. He/she has not property subje
Ierofanga [76]

Answer:

He/She has no property subject to execution.

Explanation:

It is description of a person who doesn't have the assets for the creditor to seize when the court order requires the debt repayment. A broke and unemployed person is judgement proof. The debtor having few legally protected assets and income is also judgement proof. Judgment proof is also called the collection proof and is not permanent. The judgement are valid for many years, the creditors continue to collect whatever the judgement allows even after they have won a lawsuit against a delinquent customer.

8 0
3 years ago
The standard format rules for a professional letter should be followed. <br><br><br> True or false.
Luda [366]

Answer:

True.

Explanation:

To write a professional letter, some standard format rules need to be followed.

It is necessary that the letter is written using a formal vocabulary, with clear and precise information, in the appropriate format, containing date, information about your professional profile, about the company and a final greeting.

To achieve an important objective, such as getting a job, it is important to have good writing skills to write a professional letter, in order to demonstrate through your arguments, your skills and competences, which can contribute to the success of a company.

6 0
3 years ago
Cody Manufacturing started doing business on January 1st of the current year. Cody estimates that its sales will be 9,000 units
uranmaximum [27]

Answer:

cool

Explanation:

i like it

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Imagine that you are at a bank, ready to open your first bank account.
julia-pushkina [17]

Answer:

Alll of the above

Explanation:

hope that helped

8 0
3 years ago
Read 2 more answers
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