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Varvara68 [4.7K]
3 years ago
14

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.

  1. All traders sell identical products-(homogeneous)
  2. Traders cannot influence the market price.
  3. Traders can enter and exit the market at no cost.
  4. Buyers have complete information about the current prices that each buyer charges.
  5. 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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Which of the following is recommended when paying a credit card bill?
patriot [66]

Answer:

C. Pay more than the minimum amount every month.

Explanation:

Because credit cards have very high interest rates, and the interest is compounded every day, it is recommended to pay more than the minimum amount every month, so that the total credit card bill is paid out more quickly.

What happens when you pay more than the minimum amount every month is that you are paying not only the interest and principal that is due, but you are also paying additional principal. This additional principal payment is what will reduce the amount that will need to be paid in the future.

3 0
3 years ago
Read 2 more answers
Capital assets used by an enterprise fund should be accounted for in the a. Business-type activities journal but no depreciation
Diano4ka-milaya [45]

Answer:

b. Enterprise fund and depreciation on the capital assets should be recorded.

Explanation:

Cash flow can be defined as the net amount of cash and cash- equivalents that is flowing into (received) and out (given) of a business. There are three components of the cash flow;

1. Operating cash flow: all cash generated from the business activities of an organization.

2. Financing cash flow: all payments made by an organization and profits from issuance of debts and equity.

3. Investing cash flow: costs associated with purchasing of capital assets and investments of cash resources in other businesses.

Capital assets used by an enterprise fund should be accounted for in the enterprise fund and depreciation on the capital assets should be recorded.

Additionally, depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.

4 0
3 years ago
Why is price competition more of a factor in internet sales than other forms of retail?​
Kipish [7]

Answer: I believe it's C, because it says that there are many different prices, and it makes sense because there are so many different selling sites

8 0
3 years ago
Decision alternatives:_______
LenaWriter [7]

Answer:

The correct answer is letter "A": should be identified before decision criteria are established.

Explanation:

Decision criteria represent the set of steps individuals take while making a decision. Before taking a decision and selecting decision criteria, the decision alternatives must be outlined. Thanks to these alternatives a problematic situation will be resolved.

3 0
3 years ago
A hamburger factory produces 40,000 hamburgers each week. The equipment used costs $5,000 andwill remain productive for 4 years.
bezimeni [28]

Answer:

This question is incomplete. However, I found the prompt to be as follows;

"What is the productivity measure of “units of output per dollar of input” averaged over the four-year period? "

Explanation:

To solve this question, find productivity;

Productivity in this case is total hamburgers produced divided by the total labor cost plus total equipment cost.

Productivity = # of hamburgers *52 weeks * 4 years / (total labor cost + equipment cost)

Productivity= 40,000(52)(4)/ {9,500(4) + 5000}

= 193.5 hamburgers/dollar of input

Therefore, the factory would produce about 194 burgers per dollar of input.

5 0
3 years ago
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