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3 years ago

What is pure competition?

Business

2 answers:

nadezda [96]3 years ago

5 0

Answer:

A theoretical market structure with very large numbers, identical products, freedom of entry and exit, and perfect knowledge by all buyers and sellers of market conditions

Explanation:

Pure or perfect competition is a theoretical market structure that meets the following criteria.

All traders sell identical products-(homogeneous)
Traders cannot influence the market price.
Traders can enter and exit the market at no cost.
Buyers have complete information about the current prices that each buyer charges.
Resources such as labor move freely within the industry.

lana66690 [7]3 years ago

5 0

Answer:

The answer is B. The second option.

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Economists group commercial banks, savings and loan associations, credit unions, mutual funds, mutual savings banks, insura

Anni [7]

Answer:

The answer is: E) Only A and C of the above

Explanation:

Financial intermediaries are institutions that offer a service for individuals or institutions who want to save or borrow money. They help to promote a more efficient economy.

We take some things for granted, but try to imagine if no banks existed.

For instance, you need to borrow $200,000 to buy a new house, but none of your friends or family can lend to you. If banks (or other types of financial institutions) didn´t exist, you would have to search your neighborhood or workplace for someone willing to lend you the money. It is possible for you to find a private lender, but it would be time consuming and very inefficient. Instead the easiest way is to go to a bank and ask for a loan.

The same happens if you have saved some extra money. If banks didn´t exist you would have to hide it in your house or other places, or lend it to someone you knew that needed that money and is willing to pay it back with interest. Banks make saving money much more easy and safer.

8 0

3 years ago

Don operates a taxi business, and this year one of his taxis was damaged in a traffic accident. The taxi was originally purchase

Stolb23 [73]

Answer:Don's casualty loss deduction=$ 770

Explanation:

A Casualty loss is an unexpected or sudden financial loss that occurred as a result of damage or loss of property. It will be calculated as follows

Adjusted basis at the time of accident $1,500

Repair cost on account of accident $2,750

Amount of casualty loss before the adjustments $ 1,500

( which is the Lessor of $ 1,500 and $ 2,750)

Deduct :

Reimbursements gotten from insurance $ 730

Don's casualty loss deduction = $ 1,500 - $ 730 = $ 770

3 0

3 years ago

Lola is a purchasing agent for her company. She has just submitted a purchase order to the supplier. What step in the purchasing

KiRa [710]

Answer:

Co-ordinate shipping with the supplier.

Explanation:

A purchase order is a document from a customer to the business entity, instructing them to supply the customer with the goods specified in the document. By sending out the purchase order, Lola has given instructions to be supplied with the specified goods.

Lola should prepare to receive the goods from the supplier. She should contact the supplier and make arrangements on how the goods will be delivered.

5 0

3 years ago

According to Peter G. Keen, a former MIT professor, which is a benefit of a decision support system (DSS)

Travka [436]

According to Peter G. Keen, a benefit of a decision support system is that it helps in making better decisions.

A decision support system simply means a computerized program that is used for supporting judgments in an organization. It's used for decision-making.

According to Peter G. Keen, a decision support system is also vital as it helps in increasing communication and saves costs. It also aids new insights and learning.

Read related link on:

brainly.com/question/25592766

8 0

2 years ago

At Bargain Electronics, it costs $29 per unit ($16 variable and $13 fixed) to make an MP3 player that normally sells for $51. A

Sphinxa [80]

Answer:

The special order should be accepted, as it will increase Net income by $38,000.

Explanation:

Differential Analysis

Reject Accept Net income Increase/(Decrease)

Revenues 0 $118,750 $118,750

Cost-manufacturing 0 $76,000 -$76,000

Shipping 0 $4,750 -$4,750

Net income 0 $38,000 $38,000

The special order should be accepted, as it will increase Net income by $38,000.

Workings

Accept Order Revenue = 4,750 *$25 = $118,750

Accept Order Cost-manufacturing = 4,750 * $16 = $76,000

Accept Order Shipping = 4,750 * $1 = $4,750

5 0

2 years ago