Answer:
1. c. has no control over the price it pays, or receives,in the market
2. c. firms are at the mercy of market forces.
3. buyers can expect to find consistently low prices and wide availability of the good that they want.
Explanation:
A competitive market has the following characteristics.
1. Firms are price takers. They do not set the price for their goods and services. They accept the price set by market forces. Price is set where the demand curve intersects the supply curve.
2. There are no product differentiation. All sellers sell identical goods and services.
3. There are no barriers to entry or exit of firms in the industry.
4. Firms make zero economic profit in the long run.
5. There are many sellers and buyers.
I hope my answer helps you.
<span>Some pharmaceutical companies use the symbolic or prestige pricing strategy to price their OTC drugs. They do this because many consumers see a price and assume the potency of the drug on the dollar amount--something more expensive is assumed to be more potent. Symbolic/prestige pricing assumes high prices equal high quality in the minds of consumers.</span>
Hey there,
The answer is <span>Models interaction of host, vector, and environment in the event.
Hope this helps :))
~Top
</span>
At seven to eight month old, will the infant start and to be
able to sit steadily as he or she is able to support his or herself in sitting
up straight but he or she couldn’t walk as his or her bones in his or her lower
body is not as strong enough for he or she to stand up.
Answer:
The correct answer is letter "D": Actual unit price minus budgeted unit price, times the actual units produced.
Explanation:
Quantity or efficiency variance refers to the difference between the number of inputs budgeted to be used against the inputs that were actually used in production. Labor errors or budgeting mistakes may lead to having a difference between the two figures mentioned previously. <em>While calculating the direct-material usage variance the actual quantity used is subtracted from the standard quantity allowed and the result is multiplied by the standard price.
</em>
<em>While calculating the direct-material price variance, it is calculated by subtracting the current unit price minus the actual unit price and multiplying the result by the units produced.</em>
