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ivolga24 [154]
4 years ago
14

In a perfectly competitive market, all producers sellidentical goods or services. Additionally, there arefew buyers and sellers.

Because of these two characteristics, both buyers and sellers in perfectly competitive markets are pricetakers . True or False: The market for lettuce exhibits the two primary characteristics that define perfectly competitive markets.
Business
1 answer:
Katen [24]4 years ago
7 0

Answer:

false

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

While the market for lettuce sells identical items, there are many buyers and sellers

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Which of the following business practices, which forced competitors to shut down, was Standard Oil accused of engaging in?
Bad White [126]
The type of business practice that will force competitors to shut down is letter B. predatory pricing. Predatory is a way of shutting competitors even though is it is highly risky. It has the way of shutting competitors by providing lower prices of their products in order for other competitors to be driven out and shut down of the market.
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The difference between a traditional format income statement and a contribution format income statement is:_______.
Lera25 [3.4K]

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3 years ago
Setrakian Industries needs to raise $71.8 million to fund a new project. The company will sell bonds that have a coupon rate of
Harlamova29_29 [7]

Answer:

39,183  bonds

Explanation:

In order to determine the number of bonds that must be sold to realize cash of $71.8 million,the price per bond needs to be established using pv formula in excel as found below:

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rate is yield to maturity of  6.46% divided by 2

nper is the number of coupon payments which is 25 years multiplied by 2 i.e 50

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fv is the face value of $2000 per bond

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5 0
4 years ago
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mrs_skeptik [129]

Answer:

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So, the issuance of common stock to acquire land is non-cash investing and financial activity.

8 0
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