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8_murik_8 [283]
3 years ago
8

A competitive market is one in which there a. are so many buyers and so many sellers that each has a negligible impact on the pr

ice of the product. b. are many sellers, and each seller has the ability to set the price of his product. c. are many sellers, and they compete with one another in such a way that some sellers are always being forced out of the market. d. is only one seller, but there are many buyers.
Business
2 answers:
Tomtit [17]3 years ago
7 0

Answer:

A) are so many buyers and so many sellers that each has a negligible impact on the price of the product.

Explanation:

A competitive market or a perfect competition market is characterized by having many suppliers and many consumers, and the products and services offered are similar and substitute to each other. This results in every seller and every consumer being a price taker, since no seller or consumer is large enough to influence the equilibrium price.

ratelena [41]3 years ago
7 0

Answer:

a. are so many buyers and so many sellers that each has a negligible impact on the price of the product

Explanation:

If the sellers can set the price then, eahc company should be providing different goods as customer will settle for the same price given the same good.

Under competitive market if a seller offer above equilibrium their sales will drop to zero as none customer will purchase as there are a lot of seller they can potencially buy goods from. Same is true if a consumer wants to settle below equilibrium.

Therefore, the seller nor buyer can impact the price they are both price-takers.

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Chester's balance sheet has $77,842,000 in equity. Further, the company is expecting net income of 3,000,000 next year, and also
SashulF [63]

Answer:

$84,842,000

Explanation:

The book value is total assets less total liabilities

Book value = initial equity + equity issued + net income

$77,842,000 + $4,000,000 + $3,000,000 = $84,842,000

8 0
3 years ago
Coverall, Inc., an insurance company, recently moved into the motorcycle insurance market. Coverall was concerned that the most
Naily [24]

Answer:

It is a result of adverse selection

Explanation:

The economic problem in this story is adverse selection. As in this the person who take the insurance drive uselessly and carelessly . In Coverall, Inc., an insurance company's case insurance company increases premium amount in order to cover this type of customer. It is a result of adverse selection.

4 0
3 years ago
Resources have two factors that impact their demand curve. these two factors are
murzikaleks [220]

The demand curve shows the amount of a product that consumers are willing and able to buy at each possible price.

Resources have two factors that impact their demand curve. These two factors are the price of the product made by the resource and the productivity of the resource. The productivity of the resource denotes the output (expressed either as units produced or as economic value) per unit of resource input.

3 0
4 years ago
Adjustments help to ensure that __________ balances are reported at amounts representing the economic benefits used during the p
ycow [4]

Answer:

<em>Adjustments help to ensure that </em><em><u>asset </u></em><em> balances are reported at amounts representing the economic benefits used during the period.</em>

3 0
3 years ago
According to Nikki, the design and development manager at Holden Outerwear, it is difficult for the company to push its vendors
Dmitry_Shevchenko [17]

Answer: b. do not want to develop products that may not get used.

Explanation:

According to the case study, Manager Nikki Brush tells of how they introduce new ways of doing things by being able to encourage and push their vendors in a way that they are not used to. She does admit though that it is getting harder to do so because the vendors are seeing their costs rise and don't want to make goods that people might not want to use because they are new and untested.

The Case in question is attached.

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