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
ruslelena [56]
3 years ago
6

A difference between a perfectly competitive market equilibrium and a perfect price discrimination equilibrium is that in a comp

etitive market ________, whereas in perfect price discrimination ________.
Business
2 answers:
astra-53 [7]3 years ago
6 0

Answer:

all units are sold where P = MC; only the last unit sold is at P = MC

Explanation:

In a perfectly competitive market, the number of sellers and buyers are large and they are all interested in homogeneous products and having perfect knowledge of the market. In such market, all produced units are based on recommendation to produce a quantity where P = MC and all these units are sold. On the other hand, a perfect price discrimination, the seller has the power to sell at any price and thus can afford to sell only the last units at P = MC.

svp [43]3 years ago
3 0

Answer:

A difference between a perfectly competitive market equilibrium and a perfect price discrimination equilibrium is that in a competitive market <u>marginal cost equals marginal revenue</u>, whereas in perfect price discrimination <u>marginal cost does not equal marginal revenue.</u>

Explanation:

In a perfectly competitive market, equilibrium is only possible when marginal revenue equals marginal cost and marginal revenue curve is cut by the marginal cost curve from below.

Contrariwise, in a perfect discrimination, equilibrium is achieved irrespective of the nature of marginal cost; whether rising, constant or falling.

You might be interested in
What are supertrends that are currently affecting the future of business?
Stels [109]

Available options are:

A. Simple, one-size-fits-all solutions are becoming more popular.

B. Competitive advantage is coming increasingly from knowledge, not information.

C. The overall speed of product releases is decreasing.

D. The way we work is being impacted by offshore suppliers.

Answer:

Option B and D are correct answers.

Explanation:

The reason is that the countries that are gaining on competitive advantages because of increased investment in knowledge and research and development. The companies in the country then apply that knowledge earned by the investment in the research and development and gain competittive advantage over the rival products.

This competitive advantage decides the future of the business because higher are the competitive advantages higher are the growth and profit of the business investments.

The way we are working is going to impact the offshore suppliers in terms of technology, pricing, marketing, sales and after sales services, etc all have implications on the rivals, customers, suppliers and whole of the society. The customer urges the companies to use environmental friendly operations in manufacturing of products, the company urges its suppliers and supplier urges its suppliers and likewise we have a chain of system enforcement. So yes it is true the way we work in a society affects the suppliers in the other society.

8 0
3 years ago
What is payroll withholding?
professor190 [17]
Is taxes inclining each employs portions of there social security and medicare.<span />
7 0
4 years ago
Read 2 more answers
The purpose of the cash flow statement is to:
scZoUnD [109]
Simplify the following expression: 4x + 5y – 2x – 3y + 2z *c
8 0
3 years ago
Wisconsin Company collected $42,000 cash on its accounts receivable. The effects of this transaction are: Multiple Choice Both t
Bas_tet [7]

Answer:

Option Total assets, total liabilities, and equity are unchanged.

Explanation:

The reason is that the double entry to record this transaction is as under:

Dr Cash Account       $42,000

Cr Accounts Receivable $42,000

Hence there increase in one asset and decrease in other asset will have zero net impact on assets. As equity and liabilities are not effected by the transaction, hence they will also remain unchanged.

5 0
3 years ago
When manufacturers try to understand what customers are looking for, they are thinking about the __________ component of the pro
kodGreya [7K]

Answer: Core customer value

Explanation:

Core customer value could be seen as focusing on customers who basically buy your product and what can be done to keep them or improve services for them. Most manufactures are on the lookout on what their customers really want and how they can give it to them in a great manner which would also be affordable. Customers are gold, hence, when not treated well they can be lost to another manufacturer considering the competition of the market. Core customer value focuses on what better can the manufacturer offer the customer.

8 0
3 years ago
Other questions:
  • Exporting only after receiving unsolicited foreign inquiries is best described as:________.a. Direct exporting.b. Indirect expor
    14·1 answer
  • An individual actually earned a 4 percent nominal return last year. Prices went up by 3 percent over the year. Given that the in
    9·1 answer
  • On january 31, jean consulting company receives a bill for that month’s utilities in the amount of $500. jean sets it aside beca
    10·1 answer
  • To take into consideration demand uncertainty in reorder point (R) calculations, what do we add to the product of the average da
    14·1 answer
  • Alex, a Nevada developer, has a very large development of attached retirement villas. He is interested in advertising this devel
    10·1 answer
  • A statement of cash flows explains the differences between the beginning and ending balances of: Multiple Choice Net income. Equ
    11·2 answers
  • Lazario Motor Car Company produces some of the most luxurious and expensive cars in the world. The company typically authorizes
    6·1 answer
  • .Academic studies suggest that the amount people tip at restaurants is only slightly related to the quality of service, and that
    13·1 answer
  • A(n)________ Answer assessment is periodically assessing the risk to organizational operations, organizational assets, and indiv
    13·1 answer
  • Which term describes assets generated through operations that have been reinvested into the business?.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!