In a perfectly competitive market, the marginal revenue will be equal to the price. In a perfectly competitive market, there will be a large number of buyers and sellers selling their goods at the same rate. The goods will be homogenous and there will be no difference in the goods sold. In such a case the marginal revenue will be equal to the price of the goods.
Let us assume a perfectly competitive market. A seller will be able to sell whatever quantity he wants at that rate. If the price of the goods is increased he will not have customers. There is no use in reducing the price as the customers are willing to buy the goods at a higher rate. The market is also able to buy all the goods sold by the seller so their marginal revenue will not decrease.
In a perfectly competitive market, the marginal revenue line is a horizontal line. this line will be equal to the price of the goods in the market.
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Answer:
D. short-term bonds
Explanation:
Money market is an market where people or organizations can lend and borrow short term loans in the form of bonds. These bonds are very high quality debt and have maturity of one year or less. It provides a platform for public, government, banks and institutions to sell and buy the short term securities.
Answer:
$0
Explanation:
The computation of the reporting of the policy cars is shown below:
As we know that the policy cars are normally recorded and recognized as an expenditure in the funds of the government
Therefore the carrying value should be zero as the expenses amount is also not mentioned in the question so zero amount should be recognized and reported
Answer:
they can be audited
Explanation:
the government will step and and demand a record of all their revenue that they have not sent in and if their records doesn't match the records of the government they can be forced to shut down.