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laiz [17]
4 years ago
6

Which is a feature of a perfectly competitive market?

Business
1 answer:
levacccp [35]4 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.

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Suppose that Dmitri, an economist from an AM talk radio program, and Frances, an economist from a school of industrial relations
lions [1.4K]

Answer:

1. The disagreement between these economists is most likely due to

a. differences in values

2. Despite their differences, with which proposition are two economists chosen at random most likely to agree?

a. Lawyers make up an excessive percentage of elected officials.

Explanation:

Economists chosen at random do not usually agree on economic events and realities, instead, they are more likely to agree on issues that are not economic.  They offer differing opinions based on similar principles.  Most of their disagreements stem from differences in what they place their values on.  Some value market-oriented approaches while others value government interventions in market situations, with other variants in-between.

7 0
4 years ago
Which of the following actions would likely raise homeowner's insurance premiums? Building the home in the floodplain of a river
natita [175]
Insurance is a coverage that assesses the risk of a certain item/person. If that item/person is in good condition, your insurance will be lower because it's less likely it'll get damaged. 
This is why if you have a bad driving history, your car insurance is high (as there is a high risk). 
If you were to instal an alarm, live in a safe neighbourhood or choose not to install a swimming pool you would actually reduce your insurance.
If you have an alarm, you are less likely to have stuff stolen (safer = less risk).
Living in a safe neighbourhood is safer = less risk.
Not installing a pool means your property remains the same value (putting a pool could increase it), higher risk of someone drowning in the pool, or hurting themselves. So by not building the pool, you'll have a safer environment = less risk.

If you build your house in a floodplain, the chance of your house getting damages by a flood is very very high, so you will have to pay more as there is an increased risk.


4 0
3 years ago
Read 2 more answers
What are the global implications for the product or service you are marketing? What are the global implications of your marketin
snow_lady [41]

Answer:

The global implications for the product or service you are marketing is explained below in complete details.

Explanation:

The principal involvement of a marketing maneuvering is the familiarization approaching gathering customer requirements that appears in enhanced customer fulfillment and satisfaction. ... Such a marketing maneuvering is intended to achieve and to grow new customers as you develop a more agreeable character.

8 0
3 years ago
Inventory costing methods place primary reliance on assumptions about the flow of.
kvv77 [185]

Inventory costing methods rely heavily on assumptions about the flow of costs. The most widely used inventory valuation method is the FIFO method.

FIFO (First-In, First-Out), LIFO (Last-In, First-Out), Specific Identification, and Weighted Average Cost are the 4 major Inventory costing methods. If your inventory costs are steady or increasing, LIFO is the better option. Businesses with bigger inventories and rising costs appreciate how LIFO reduces profits and taxes while increasing cash flow. If your inventory costs are decreasing, FIFO is the better option.

Learn more on Inventory costing methods-

brainly.com/question/17097250

#SPJ4

3 0
1 year ago
Victor applied for the position of a field service technician at an electronics manufacturing company where he was assessed for
ExtremeBDS [4]

Answer:

A specific ability test.

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4 years ago
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