Answer:
b. some firms exit, industry supply decreases, market price rises.
Explanation:
A perfect competitive industry is characterised by many buyers and sellers of homogenous goods and services. There are no barriers to entry or exit of firms.
If firms are making economic loss is the short run, in the long run, firms leave the industry. This leads to a fall in supply and prices rise as a result. In the long run, firms in a competitive industry earn zero economic profit.
I hope my answer helps you
<u>C)</u><u> Geographic Segmentation.</u>
<h3><u>What does regional segmentation entail?</u></h3>
A marketing tactic known as geographic segmentation targets goods and services to local residents and business owners. It operates under the premise that locals have comparable needs, desires, and cultural factors. Brands may focus more pertinent marketing messages and acceptable items on customers who are then aware and more inclined to buy by learning what people in that area need.
<h3><u>What benefits does geographic segmentation offer?</u></h3>
- Large businesses can address the various needs and wants of clients in various regions thanks to geographic segmentation.
- Geographic segmentation makes it possible for small enterprises with tight finances to work more effectively.
- The process of geographic segmentation is simple.
Learn more about brands with the help of the given link:
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Answer:
COGS = $120,000
Explanation:
We have to determine the average cost per unit:
- 10,000 units at $3 per unit, total cost $30,000
- 20,000 units at $6 per unit, total cost $120,000
There are 30,000 units with a total cost of $150,000. The average cost per unit = $150,000 / 30,000 units = $5 per unit
On August 15, 24,000 units were sold and the COGS was $120,000 (= 24,000 units x $5 per unit)