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
laiz [17]
3 years ago
6

Which is a feature of a perfectly competitive market?

Business
1 answer:
levacccp [35]3 years ago
8 0

Answer: products are standardized or homogeneous

Explanation:

 Products are standardized or homogeneous for the perfectly competitive market as, in the case of the competitive industry there are no barriers in the industry to entry. The products are homogeneous in the nature and there is large numbers of the firms are perfectly substituted in the industry. So, the price elasticity of the demand for the firm product is infinite.

You might be interested in
Is it possible to be admitted to Minnesota Bar Association without taking the test over? Have practiced law in Colorado for 0ne
Alinara [238K]
Rules for Admission to the Bar

The Rules for Admission to the Bar have been updated as of July 1, 2017. A complete listing of rules can be downloaded in PDF format. Or, browse Rules by section using the links below.

1. Purpose
2. Definitions and Due Date Provisions
3. State Board of Law Examiners
4. General Requirements for Admission
5. Standards for Admission
6. Admission by Examination
7. Admission Without Examination
8. Admission by Temporary License for Legal Services Programs
9. Admission by Temporary House Counsel License
10. Admission by House Counsel License
11. License for Foreign Legal Consultants
12. Fees
13. Immunity
14. Confidentiality and Release of Information
15. Adverse Determinations and Hearings
16. Conditional Admission
17. Appeal to the Supreme Court
18. Reapplication
19. Bar Admissions Advisory Council

6 0
3 years ago
What was the major financial change between post-World War II borrowers and borrowers after 1970?
elena-14-01-66 [18.8K]
<span>Two oil shocks, an expansive monetary policy, and growing competition as Europe and Japan recovered from the devastation of World War II.
By the end of the decade, the country went into what came to be called
stagflation, a combination of no growth and rising inflation. In effect, the country had the worst of both worlds.
President Carter’s appointment of Paul Volcker as Federal Reserve Chair started the path to change. He restricted the money supply in a war that drove up unemployment but eventually tamed inflation.
The Reagan presidency started with cuts in spending and income taxes in what was called a ‘supply-side experiment.’
The intent was to stimulate saving, work, and investment. The emphasis that the supply-side approach put on incentives is now a more prominent part of economic thinking, but the experiment itself led to larger fiscal deficits.</span>
7 0
3 years ago
What is considered a necessary loan
aliya0001 [1]

Answer:

Car loan, Student loan, Home loan are examples of necessary loans.

Plz click thxs or mark brainliest!

Yours Truly.

6 0
3 years ago
On December 31, 2021, Larry's Used Cars had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $64,000
Svet_ta [14]

Answer:

Bad debt expense                        6,500 debit

    Allowance for uncollectible account 6,500 credit

Explanation:

"determined that there should be an allowance for uncollectible accounts of $5,150 at December 31, 2022."

We need to recognize as much bad debt as it need to leave the allowance balance on our expected uncollectible account.

balance for allowance before adjsutment:

beginning - write-off = unadjusted allowance

1,250 - 2,600 = -1,350

expected balance - unadjusted balance = adjustment

                5,150      - (-1,350)                     =  6,500

Bad debt expense                        6,500 debit

    Allowance for uncollectible account 6,500 credit

5 0
3 years ago
Suppose you are a supply chain manager for De Beers Diamond co., and your job is to order components for a manufacturing facilit
Fed [463]

Answer:

100 units

Explanation:

Given that,

Annual demand (D) = 500 units

Ordering cost (S) = $5 per order

Holding cost (H) = $0.50 per unit per year

Optimal order quantity(Q):

=\sqrt{\frac{2\times D\times S}{H}}

=\sqrt{\frac{2\times 500\times 5}{0.50}}

=\sqrt{\frac{5,000}{0.50}}

=\sqrt{10,000}

      = 100 units

So, the optimal number of diamonds to be ordered is 100 units.

4 0
3 years ago
Other questions:
  • Which of the following best explains what happens when a currency is pegged to the U.S. dollar? A. The U.S. Treasury gets to det
    9·1 answer
  • Chaia makes slate table tops for a living. She is guaranteed a base pay of $300 per week, and also earns $75 per completed table
    11·1 answer
  • Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies sug
    8·1 answer
  • Most markets in the economy are A. markets in which buyers, rather than sellers, control the price of the product. B. perfectly
    10·1 answer
  • ABC Company bonds are trading on the open market. These bonds mature in 10 years. The coupon rate on the ABC bonds are at 8.50%.
    12·1 answer
  • What does the Judge usually say when things get crazy in the court room?
    9·2 answers
  • Assume you are going to receive a payment of $1,000 in 5 years. You'd like to know what that cash flow would be worth in 2 years
    6·1 answer
  • 9
    10·2 answers
  • Volleyball helps people reach their fitness goals by __________. A. using teamwork to win B. improving balance and agility C. im
    13·2 answers
  • What problems might face a company that focuses mainly on its most profitable customers?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!