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
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).

You might be interested in
Senator dogood is pushing for the construction of a new military base in his state even though, from the standpoint of national
Katarina [22]
This is a classic example of what is termed "Pork"  or "Pork barrel politics".  Pork is when a legislator tries to divert federal funds to projects in their districts or State.  These funds provide jobs and income for his constituents who the will repay him with votes in the next election.
5 0
3 years ago
"The Federal Reserve raises the reserve requirement from 7 percent to 8 percent. Consequently banks must set aside more money an
joja [24]

Answer: a. Inflation

Explanation:

Inflation refers to the general rise in prices of items in an economy in a certain period of time. Inflation essentially erodes the value of the domestic currency of the economy in question.

Central Banks like the Fed can use Monetary policy to influence inflation. In this case they reduced the amount of money in the economy by reducing bank loans. This will ensure that people cannot spend too much which would increase demand and therefore increase prices.

By doing this, they have limited the likelihood of inflation.

6 0
3 years ago
Tide Corporation has traditionally made a subcomponent of its major product. Annual production of 30,000 subcomponents results i
poizon [28]

An amount of $24 per unit will need to be charged by the outside supplier to make Tide be indifferent between making or buying the subcomponent.

Relevant cost per unit to make = (Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead) / Total sub-component unit

Relevant cost per unit to make = ($250,000 + $200,000 + $190,000 + $80,000) / 30,000 units

Relevant cost per unit to make = $24

Hence, the  indifferent price is $24 per unit

Therefore, an amount of $24 per unit will need to be charged by the outside supplier to make Tide be indifferent between making or buying the sub-component.

Read more about  indifferent price:

<em>brainly.com/question/24516871</em>

8 0
2 years ago
Addie, Brady and Carson form Capital City Partnership. The Partnership Agreement provides profits and losses are divided equally
irinina [24]

Answer:

Brady will receive $850,000

Carson will receive $250,000

Addie will receive $100,000

Creditors will receive $300,000  

Explanation:

The partnership is being dissolved and $1,500,000 will be distributed as follows:

$300,000 to pay debts to creditors

$450,000 to pay for Brady's loan

$300,000 for Brady's initial contribution

<u>$150,000 for Carson's initial contribution</u>

$300,000 are left to be divided equally between the three partners:

  • Brady will receive: $450,000 + $300,000 + $100,000 = $850,000
  • Carson will receive: $150,000 + $100,000 = $250,000
  • Addie will receive $100,000

3 0
3 years ago
A group of 10 people have the following annual incomes: $24,000, $18,000, $50,000, $100,000, $12,000, $36,000, $80,000, $10,000,
gogolik [260]

Answer:

48.65%

Explanation:

Given Income are written in increasing order

First Quintile        10,000  12,000

Second Quintile  16,000   18,000

Third Quintile      24,000  24,000

Fourth Quintile    36,000  50,000

Fifth Quintile        80,000  100,000

                                                           Total Income   % share

First Quintile        10,000  12,000         22,000           5.95

Second Quintile  16,000   18,000         34,000           9.19

Third Quintile      24,000  24,000         48,000          12.97

Fourth Quintile    36,000  50,000        86,000          23.24

Fifth Quintile        80,000  100,000      <u>180,000</u>         <u>48.65</u>

Total income in the economy              <u>370,000</u>         <u>100%</u>

The percentage of the total income of the highest quintile is 48.65%

4 0
3 years ago
Other questions:
  • The Mayo Clinic in Minnesota is known for top-quality medical care. For decades, even presidents and dictators from around the w
    15·1 answer
  • Listed below are a few transactions and events of Piper Company. Piper Company records a year-end entry for $10,000 of previousl
    10·1 answer
  • The hawthorne studies found that employees in the experimental group:
    13·1 answer
  • ____________one of Reich's four key components, is making a reasoned analysis of an opportunity, envisioning potential solutions
    10·1 answer
  • sysyster corp. has an ROE of 16 percent and a payout ratio of 24 percent. what is its sustainable growth rate?
    6·1 answer
  • Keeping files organized and readily accessible is the job of which of these computer systems
    15·2 answers
  • Misty and John formed the MJ Partnership. Misty contributed $50,000 of cash in exchange for her 50% interest in the partnership
    11·1 answer
  • Which action demonstrates good workplace etiquette?
    15·1 answer
  • Your purpose for writing a formal business letter should be clearly stated in _____.
    14·2 answers
  • on june 19, a u.s. company sold and delivered merchandise on a 30-day account to a german corporation for 190,000 euros. on july
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!