Answer:
Pure competition
Explanation:
Pure competition refers to an ideal market with very many suppliers selling an identical product. Because the sellers are many, none of them can influence the price. Pure competition is also the perfect competition. Other characteristics of perfect competition include.
- easy to enter and exit the market since there are no trade barriers
- All sellers sell a homogeneous product
- all sellers are price takers
- There are many buyers.
- Buyers have sufficient knowledge of prices and suppliers.
Answer:
He must have a skratta du flörlar du in his album cover
Explanation:
You laugh, you lose
<h3>Hello there!</h3>
Your question asks what an opportunity cost of an action is.
<h3>Answer: D). is a subjective valuation that can be determined only by the individual who chooses the action.</h3>
The reason why answer choice "D). is a subjective valuation that can be determined only by the individual who chooses the action" is correct because an opportunity cost of an action is not the same for everyone.
An opportunity cost of an action is subjective, meaning that the action can be determined by someone's opinion, feelings, etc. Everyone thinks differently, therefore making everyone's opportunity cost of action different.
A opportunity cost of an action also is determined by the individual themselves, not anyone else. That's why the action is subjective, due to the fact that the decision on the action is determined by the individual personal opinions and feelings.
<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
Answer:
The summary of the given topic is explained below throughout the following portion.
Explanation:
- The production phenomenon known might be why the additional expenses you generate that for each unit, are considered as Economies of scale.
- Mostly since the greater optimized production operations you develop, the further optimized they are.
Example:
Because of its scale, perhaps the company could be interested in receiving credit standards.
