Answer:
1. c. has no control over the price it pays, or receives,in the market
2. c. firms are at the mercy of market forces.
3. buyers can expect to find consistently low prices and wide availability of the good that they want.
Explanation:
A competitive market has the following characteristics.
1. Firms are price takers. They do not set the price for their goods and services. They accept the price set by market forces. Price is set where the demand curve intersects the supply curve.
2. There are no product differentiation. All sellers sell identical goods and services.
3. There are no barriers to entry or exit of firms in the industry.
4. Firms make zero economic profit in the long run.
5. There are many sellers and buyers.
I hope my answer helps you.
Answer:
The answer is letter C
Explanation:
The quantity of goods or services that can be produced by one hour of work
Answer:
C) Manufacturing Overhead 9,500 DEBIT
Accumulated Depreciation 9,500 CREDIT
Explanation:
The depreciation will be part of the actual overhead, which later will be compared with the applied overhead to look up for difference in application.
It will denefitive be accumulated to represent the net book value of the printing.
Then t will be debited to factory overhead. So once the period is concluded this account will have a balance equal to the difference in application of overhead (credit) and the actual cost incurred (debit)
Sustainability is good for a company so people can trust them
