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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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Which topic would a macroeconomist most likely study? a. Supply and demand b. Production costs C. Inflation d. Labor markets​
maria [59]

Answer:

I would say the answer is c. inflation.

8 0
3 years ago
Max separated the workers by gender and then asked only the men to work the evening shift from 5 P.M. to closing. This is an exa
Lady bird [3.3K]

Answer:

D. Disparate treatment

Explanation:

Disparate treatment is a form of unlawful discrimination in the labour force. It's when a manager or leader gives unequal treatments to workers because of a certain characteristics. It is an intentional employment discrimination.

In this situation, the men suffers the evening shift just because they are men (certain characteristics).

Apart from gender another characteristics that is subjected to unequal treatments is race, where one race suffer more treatment than the other race.

5 0
3 years ago
Recently, much of the western United States experienced a drought condition, and water usage was restricted in Denver. Yet, even
Paul [167]

Answer:

Price elasticity

Explanation:

Price elasticity  -

It refers to the extent to which the demand or desire for something alters with the fluctuation in the price , is referred to as price elasticity .

As if the price of some commodity goes up , people tends to not buy the thing any more and tries to finds it cheaper alternative .

And , as the price reduces , people tries to buy the specific goods and service .

Hence , from the given scenario of the question ,

The correct answer is price elasticity .

4 0
3 years ago
You have been asked to appraise the market value of a three-bedroom house with two bathrooms that is going to be sold tomorrow.
Vladimir [108]

Answer: $252,000

Explanation:

Property worth $275,000, 4 weeks ago had 3 bedrooms and 3 bathrooms.

House to be appraised has 3 bedrooms and 2 bathrooms meaning it has one less bathroom than the other house.

Value of bathroom is $15,000 so;

= 275,000 - 15,000

= $260,000

House to be appraised was worth $260,000 4 weeks ago.

Prices have been reducing at $2,000 per week for four weeks.

= 2,000 * 4

= 8,000

Value of house = 260,000 - 8,000

= $252,000

3 0
3 years ago
When business writers request information or action that will likely be received positively, they should frontload their message
Scorpion4ik [409]
<span>This requires that the most significant or important statements be placed first, so as to make sure that the audience receives it before anything else. By doing this, the primacy effect will be experienced: the first information the listener or reader perceives will be what is remembered most. This means that the positive information will be remembered, and anything in the middle of the notice will likely be forgotten.</span>
6 0
3 years ago
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