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
fenix001 [56]
3 years ago
14

The market for corn in Brazil has a large number of sellers and there is no difference in the products sold by each seller. As t

here are also a large number of buyers for corn, the actions of a single seller or buyer cannot affect the price. The market for corn in Brazil can be described as ____.
a. monopolistic competition
b. pure competition
c. an oligopoly
d. a monopoly
e. modified competition
Business
1 answer:
LenaWriter [7]3 years ago
8 0

Answer:

Option (b) is correct.

Explanation:

In a market condition of pure competition, there are large number of buyers and sellers of the product. The sellers in this market condition are behaving like a price taker.

If a single firm wants to increase the price of the product then as a result the demand for their product is reduced or become zero.

There are some characterstics of the firms under pure competition market condition:

(i) They are selling homogeneous products.

(ii) Price taker firms

(iii) Large no. of buyers and sellers

 

You might be interested in
With iOS, its particularly important for an app to minimize the persistent storage placed in the app's home directory. This is b
dexar [7]

Answer:In iOS, typically, apps store their data in a folder named Documents , that is saved in a location next to where the app itself is installed (†). It is important to note that you do not need a jailbroken phone to access this folder.

Explanation:

6 0
2 years ago
How does a global economy impact you?
elena-14-01-66 [18.8K]

Answer:

it impact me because the global helps things to make me smart

Explanation:

mark me brainelest pls

7 0
2 years ago
Complete the following statement. The purpose of the closing process is to reset _________ (temporary/permanent) account balance
frez [133]

Answer:

The correct answer is temporary/earnings

Explanation:

The objective of the accounting closing is to evaluate the benefits or losses of a business activity. In other words, if the final result is positive, there is an increase in business equity, and if the final result is negative, there is a decrease in company equity.

Finally, in the accounting closing, a series of steps are carried out: the accounting regularization, the determination of the result, the closing of accounts and the presentation of annual accounts.

In conclusion, in the accounting cycle a period of time is contemplated and a set of operations and procedures are carried out in order to reflect the financial status of a company.

4 0
3 years ago
Read 2 more answers
: When you go looking for a job after graduation, what sources do you expect to use? Why?
Anna71 [15]

Answer:

you can use different types of research n ask people about information

Explanation:

it will make things easier for you about the challenges you will face and how to deal with them

8 0
3 years ago
When a nation's currency suddenly loses value, the ________ may step in to buy the afflicted currency?
cricket20 [7]
If a nation's currency drops in value significantly, the International Monetary Fund could step in and buy the currency so that some stability could occur economically
3 0
3 years ago
Other questions:
  • Use information from the Washington Post article Why We've Been Hugely Underestimating the Overfishing of the Oceans to determin
    9·1 answer
  • During the​ ________ step of the selling​ process, the salesperson tells the value story to the​ buyer, showing how the​ company
    14·1 answer
  • Nigel currently has a balance of $668.47 in an account he has held for 15 years. he opened the account with an initial deposit o
    15·1 answer
  • Which is not true for a monopolistically competitive industry?
    15·1 answer
  • ________ is the denial of opportunities and equal rights to individuals and groups within the normal operations of a society.
    9·1 answer
  • A suplier who requires payment with in 10 days, should be most concerned with which one of the following ratios when granting cr
    14·1 answer
  • The Ascent, a mountain bicycle manufacturer, has been in the bicycle industry for a year now. The CEO wishes to better the compa
    9·1 answer
  • State University sold all of its basketball tickets to its students for 15 home games on September 30 for​ $1,200,000 (basketbal
    7·1 answer
  • Waterway Industries started the year with $66000 in its Common Stock account and a credit balance in Retained Earnings of $48400
    9·1 answer
  • Concord Company sells merchandise on account for $5700 to Ivanhoe Company with credit terms of 2/10, n/30. Ivanhoe Company retur
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!