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
ozzi
3 years ago
6

Dozens of companies produce plain white socks. Consumers regard plain white socks as standardized and don't care who manufacture

s their socks.
(a)-Yes, meets all assumptions
(b)-No, no free entry
(c)-No, not many sellers
(d)-No, not an identical product
Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
6 0

The correct answer is A) Yes, meets all assumptions.

Dozens of companies produce plain white socks. Consumers regard plain white socks as standardized and don't care who manufactures their socks: Yes, meets all assumptions.

What we are trying to do here is to define if the affirmation is about a competitive market. And the answer is yes, it meets all assumptions. The socks market is a competitive market because it has a large number of buyers and sellers that is not as big if compared to the size of the total market. The socks matter is offering barely the same product to customers. There is no differentiation at all. And in this case, companies can enter or leave the market whenever they want.

You might be interested in
Your task is to take this and construct a graphical representation of the data. in doing so, you determine that as the price of
fenix001 [56]
<span>Your task is to take this and construct a graphical representation of the data. in doing so, you determine that as the price of soup rises, the quantity of soup demanded decreases. This confirms the Law of Supply and Demand which states that the supply is inversely proportional to the demand. Simply speaking, whenever there is an increase in the price, the supplier tends to produce an excess supply even though the demand is low to generate a greater profit.</span>
3 0
3 years ago
What is the primary purpose of most television commercials?
seraphim [82]

option C to persuade, just took the test

3 0
3 years ago
Read 2 more answers
It is a good idea to share you PIN and all passwords with friends and family, just in case you forget.
vodka [1.7K]

Answer:

that depends on your family, but it would be true, i would write them down, plus if you dont your parents would be stuck in a loop. (have a few private ones lol)

Explanation:

6 0
3 years ago
How does an investor get ownership interest in a company
viva [34]

I believe the answer is:  by purchasing shares of the company

By purchasing a certain amount of shares, that investor automatically became part-owner of the company. For majority of companies, every 4 months, the company would announce the amount of dividend that they will give to the share owners. The amount of dividend that the owners receive would be according to the percentage of shares that they own.

7 0
3 years ago
Read 2 more answers
Can cathy withdraw money from her ira savings account
AlladinOne [14]
We would be able to answer that but we don't have enough information to
7 0
3 years ago
Read 2 more answers
Other questions:
  • Assume Nortel Networks contracted to provide a customer with Internet infrastructure for $2,650,000. The project began in 2021 a
    11·1 answer
  • When the price of hot dogs is $1.50 each, 500 hot dogs are sold every day. After the price falls to $1.35 each, 510 hot dogs are
    11·1 answer
  • Type the leadership term that best describes each situation. Use each term only once.
    13·1 answer
  • Who wants to be my friend and get 10 point reply and follow me . AllyubongAbasiEtuk​
    8·2 answers
  • (b) What is market segmentation? Explain in detail with example the THREE (3) market segmentation of Alibaba. by giving referenc
    6·2 answers
  • There is no demand for a certain commodity when the unit price is $200 or more, but the demand increases by 200 units for each $
    7·1 answer
  • TB MC Qu. 04-99 K. Canopy, the proprietor of Canopy Services... K. Canopy, the proprietor of Canopy Services, withdrew $6,200 fr
    13·1 answer
  • The most important part about having an effective organizational culture is to:
    5·1 answer
  • Bakers are much likely to supply pastries to the market if property rights are not enforced. True or false?.
    14·1 answer
  • The process of linking relief and development is often a major deviation from the missions of both development and relief agenci
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!