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velikii [3]
3 years ago
12

Firms in every market structure: make long-run economic profits. are in competition with many other firms. leave the market as s

oon as they experience loss of profits. will attempt to maximize profits. face a horizontal demand curve.
a. true
b. false
Business
1 answer:
aliya0001 [1]3 years ago
4 0

Answer:

b. False

Explanation:

Firms are not in competition with many other firms in every market structure. Some market structures such as monopolies or oligopolies feature either one single firm, or only a few firms, that frequently collude instead of competing.

Not all firms leave the market as soon as they lose profits. Some do, but others stay. A monopoly can survive decades without increasing its profits.

Not all firms will try to maximize profits, some will try to maximize market share instead, especially in perfectly-competitive market structures.

Not all firms face a horizontal demand curve. In some market structures, demand can be very dynamic, either sloping upwards (increasing) or downwards (decreasing).

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Signal mistakenly produced 1,075 defective cell phones. The phones cost $70 each to produce. A salvage company will buy the defe
kow [346]

Answer: Rework the phones

Explanation:

The phones have already been produced so the cost price of $70 does not matter as it is a sunk cost.

The decision the company makes between scrap and reworking will depend on which option bring in more money.

Scrap = $39

Reworking:

= Price after reworking - Cost to rework

= 146 - 82

= $64

Incremental income of reworking over scrap:

= 1,075 * (64 - 39)

= $‭26,875‬

<em>Signal makes an incremental income of $‭26,875‬ if they rework the phones so they should do that. </em>

5 0
3 years ago
_______________________ : overhaul of communications law that opened door to far more competition by permitting companies to own
Kruka [31]

Answer: The major congressional

Explanation:

7 0
2 years ago
Barbara wanted to go into the long-distance trucking business. She bought a used tractor and trailer for $102,000. However, the
Norma-Jean [14]

Answer:

Basis in the tractor 78.000 and new trailer basis 30.000

Explanation:

The adjusted basis is referred to as the cost basis of the assets as reduced by  the cost recovery amount including the depreciation at the point of sale. Alternatively, the adjusted basis can be termed as the unrealized cost basis of the assets. The formula for the adjusted basis is:

Adjusted basis = cost basis - Cost recovery deductions

The adjusted basis for B's tractor and trailer is calculated as follows:

Adjusted basis for tractor = Cost of tractor

=102.000 - 24.000

=78.000

Adjusted basis for new trailer = Cost of trailer

=30.000

3 0
3 years ago
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Ilia_Sergeevich [38]
The answer is form utility
7 0
4 years ago
To find all accounts whose current due amounts are greater than $2,500.00 and whose account manager is manager 31, enter each cr
iris [78.8K]

 

To find all accounts whose current due amounts are greater than $2,500.00 and whose account manager is manager 31, enter each criterion on the same row.

 

The best answer for this question, would be:

 

True

B<span>ecause entering each criterion helps track all of the accounts of the exact amount given.</span>

6 0
3 years ago
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