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
much to the chagrin of established firms, one clear supertrend is that products and services must get to market faster because
Anton [14]

Much to the chagrin of established firms, one clear super trend is that products and services must get to market faster because "more competitors are offering targeted products."

This is because it has been observed that several start-ups firms offer similar products to what the established firms are had as a business idea. Not only that, but they also target the same group of consumers.

Therefore, to remain top of the game and beat the startups out of business, the established firms must ensure their business ideas are quickly turned into products or services and get to the market faster.

Otherwise, the startups will take over their business ideas and a huge part of their targeted consumers.

Hence, in this case, it is concluded that the established firms must be proactive if they want to remain above the rest of their competitors.

Learn more here: brainly.com/question/17557971

5 0
2 years ago
When two proprietors decide to combine their businesses and form a partnership, gaap usually requires that noncash assets be tak
Tcecarenko [31]
When proprietors decide to combine their business and form a partnership, gaap usually requires that non cash assets be taken over at : C. fair market vale
The data will be used to calculate the percentages of ownership of each combined companies

hope this helps
8 0
3 years ago
A web interface which represents integrated personalized business content delivered to senior managers is
Annette [7]

Answer:

Web portal

Explanation:

A web portal, simply called a portal, is a specifically designed website that provides specific and relevant information to its users. The information is accessed from a single interface. A portal serves as a reference point or a collection of categorized content.

In an organization, a web portal can be designed to present content relevant to senior managers only. The portal allows the senior managers to search, navigate and apply content relevant to their duties from a single interface point

3 0
3 years ago
When a competitive equilibrium is achieved in a market
aev [14]
The answer for this is Letter D. 

<span>An expert in economics says that when the net benefits of all economic businesses are maximized it means the distribution of resources is effective and achieved but there must be one condition to be considered, market’s allocation should be competitive or well functioned.</span>


5 0
3 years ago
Poor india makes millionaires at fastest pace ​india, with the​ world's largest population of poor​ people, also paradoxically c
DedPeter [7]
B. 

b. Because some are getting more money, while others still get low income. Which means it is unequal.

Hope it helped!

8 0
3 years ago
Other questions:
  • Larry Gaines, a single taxpayer, age 42, sells his personal residence on November 12, 2019, for $151,200. He lived in the house
    9·1 answer
  • Which of the following statements abouot the declaration and payment of cash dividends is correct?
    5·1 answer
  • Approximately how much of the initial investment's value would be lost after 15 years at 3% inflation?
    6·2 answers
  • Suppose a firm estimates its WACC to be 10%. Should the WACC be used to evaluate all of its potential projects, even if they var
    13·1 answer
  • In the context of the stages of organizational decline, which of the following is a difference between the faulty action stage a
    13·1 answer
  • James Smith has worked for Perfect Transmission Installers for eight years. His annual base salary is $52,000. For overtime hour
    15·1 answer
  • 20. Which of the following is not a difference between monopolies and perfectly competitive markets? a. Monopolies can earn prof
    8·1 answer
  • All of the following are considered an appropriate basis of accounting other than GAAP except_________.A. The cash basis of acco
    9·1 answer
  • The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $25,000 per year fo
    12·1 answer
  • Multiple Choice Question 38 Vaughn, Inc. has 1000 shares of 5%, $10 par value, cumulative preferred stock and 63000 shares of $1
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!