1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleks04 [339]
3 years ago
5

Firms in a perfectly competitive market are said to be "price takers"—that is, once the market determines an equilibrium price f

or the product, firms must accept this price. If you sell a product in a perfectly competitive market, but you are not happy with its price, would you raise the price, even by a cent?
Business
1 answer:
Phantasy [73]3 years ago
8 0

Answer:

No, you wouldn't raise the price, not even by a cent.

Explanation:

The <em>equilibrium price</em> in a perfectly competitive market means that, when goods are sold at that price, there is no excess or shortage of the goods. The demand and the supply are equal.

If you were to rise your price above the equilibrium price, then the consumers will prefer to buy their goods from the rest of the firms that are selling at the equilibrium price. Your supply wouldn't sell. You would eventually be forced to accept selling your goods at the equilibrium price.

You might be interested in
What is the legal business name of a sole proprietorship
I am Lyosha [343]

Answer:

i dont know

Explanation:

4 0
3 years ago
When it comes to market sizing, things tend to be a bit __________ for b2b sellers compared to b2c sellers.
snow_tiger [21]

In relation to market sizing, matters tend to be a bit simpler for b2b sellers as compared to b2c dealers.

The "marketplace sizing" is made from the entire wide variety of capacity shoppers of a service or product inside a given market, and the entire revenue that these sales might also generate. it's crucial to calculate and understand marketplace size for several reasons.

Market sizing research affords insights into market funding decisions and ambitions to discover the ability of a marketplace in terms of length and profitability.

Everyday market length (NMS) is the minimum range of stocks that market makers ought to deal with in a transaction for that specific stock at a specific charge. normal market length way that there may be an assured bid and offer in the inventory to maintain expenses and trades flowing.

Learn more about market sizing here: brainly.com/question/13859545

#SPJ4

4 0
2 years ago
Consultants notified management of Goo Goo Baby Products that a crib toy poses a potential health hazard. Counsel indicates that
Vlad1618 [11]

Answer:

Income statement will have an increased expense of $4.8 million and Revenue and cost of goods sold will decrease. In balance sheet the inventory will be decreased by the amount of crib toy inventory available.

Explanation:

Income Statement will show an expense of $4.8 million in this period as the cost of recall of inventory due to health hazard. Also sales and cost of goods sold will decrease by the amount of sales of crib toy in sales and by the amount of crib toys cost in cost of goods sold and will ultimately result in decrease in a gross profit of a company.

In the Balance Sheet the amount of Inventory will be decreased by the amount of crib toys available in stock.

8 0
4 years ago
Which of these companies exemplifies the globalization of markets? a. The clothes of Sea Shell Fashions, a U.S.-based company, a
kondaur [170]

Answer:

c. Fluffy Pillows, a U.S.-based pillow company, sells the same pillows worldwide.

Explanation:

Globalization of markets occurs when different markets in the world are integrated and merged into just one market when similar tastes, preferences, norms, convenience and values are identified which facilitate a gradual change in culture towards the use of similar commodities.

The the sale of the same pillows worldwide by the U.S.-based pillow company, Fluffy Pillows, is a good example of globalization of markets .This is because the company has been able to integrate and merger all the pillow markets in the world to just one and has therefore facilitated a gradual change in tastes and preferences for its pillow making the use of the same pillow possible worldwide.

I wish you all the best.

7 0
3 years ago
Read 2 more answers
Which of the following individuals are required to pay taxes to fund Social Security and Medicare?
Xelga [282]

Answer:

Correct option is (D)

Explanation:

Employees, employers and self employed are supposed to contribute to fund social security and medicare.

Contribution made by each party comes under different categories. Employees contribute to social security and medicare in the the form of FICA taxes which could be withheld by the employers. Employees pay 50 percent and the remaining 50 percent is paid by the employer.

Self employed contribute in the form of self employed taxes.

4 0
3 years ago
Other questions:
  • Identify whether each of the examples represent a "House of Brands" or a "Branded House" for of brand architecture. Procter &amp
    13·1 answer
  • Which of the following statements highlights the difference between the CPI (consumer price index) and the GDP deflator?
    12·1 answer
  • A soybean farmer sells soybeans in a perfectly competitive market and hires labor in a perfectly competitive market. The market
    7·1 answer
  • Bill Broker prints an office policy that says he requires a security deposit of "$350 for whites and $500 for blacks" in his are
    14·1 answer
  • A client with renal colic is scheduled for extracorporeal shock-wave lithotripsy. The night before the procedure, the client put
    9·1 answer
  • Sam and Richard work at the local glue factory. Recently, Sam, who is a more experienced worker, has begun to establish a protég
    13·1 answer
  • ZZ Inc. uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assemb
    10·1 answer
  • Operating income and tax rates for C.J. Company’s first three years of operations were as
    8·1 answer
  • One of the benefits of a savings account is that it allows your money to grow but there is a high risk associated with it.
    10·1 answer
  • What is the preferred method of resolving a partner's deficit balance, according to the Uniform Partnership Act?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!