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
charle [14.2K]
3 years ago
10

A competitive market produces the economically efficient outcome if the following conditions are met, except Multiple Choice

Business
1 answer:
jarptica [38.1K]3 years ago
5 0

Answer:

The correct answer is (a)

Explanation:

In a competitive market, numerous producers compete to provide homogeneous goods to the customers. As many producers produce homogeneous goods which is why they are price takers, and they produce goods as long as it equals the marginal cost. So, in a competitive market, units are produced for which benefits are equal to the cost.

Marginal cost = Marginal revenue

You might be interested in
Gwen inherited 100 shares of supershoes stock when her mother died on october 21, 2015; the fair market value of the stock was $
Dafna1 [17]

Answer: Gwen should report a $3,000 long-term capital gain in her income tax return.

In this question the price paid by Gwen’s mother for the shares is irrelevant because of her death.

The stock’s fair market value ($20) when Gwen inherited the shares (21st October 2015) is Gwen stepped up value.

Gwen’s gain from selling the shares is:

Gain / (Loss) = (Selling Price per share - Stepped up value per share) * Number of shares

Gain = (50 - 20) *100

Gain = $3,000

Gwen inherited the shares on (21st October 2015) and held the shares until (3rd july 2017), so she held the shares for more than one year after inheriting it.  So, she will report a long-term capital gain on her income tax return.

5 0
3 years ago
What are some certifications that would benefit my career in the financial industry, that I can obtain quickly?
katrin2010 [14]
A business degree !
3 0
3 years ago
Which of the following housing decisions provides a person with both
Lana71 [14]
C selling a share in cooperative
3 0
3 years ago
Read 2 more answers
Monetarists reject using discretionary monetary policy as an effective stabilization tool because they believe:_____.
WINSTONCH [101]

Monetarists reject using discretionary monetary policy as an effective stabilization tool because they believe the Fed will miss its money supply targets and make the economy worse.

Monetary policy is the macroeconomic policy set by the central bank. It involves the management of the money supply and interest rates, and is the demand-side economic policy adopted by national governments to achieve macroeconomic goals such as inflation, consumption, growth and liquidity.

Monetary policy is the action and communication of the central bank that controls the money supply. Central banks use monetary policy to prevent inflation, reduce unemployment, and promote moderate long-term interest rates.

Monetary policy refers to the measures taken by a country's central bank to control the money supply in order to stabilize the economy.

Learn more about monetary policy here:brainly.com/question/13926715
#SPJ4

3 0
1 year ago
Hernando lives in a county where everyone pays the same amount of taxes no matter their income. Which type of tax system is Her
Temka [501]

Answer: Proportional Tax System

Explanation:

7 0
2 years ago
Other questions:
  • Matt enjoys seeing for himself how things are going in his department. often you can find matt out in the area visiting his empl
    14·1 answer
  • Jameson and Harrison were both eligible for promotion. However, Patrick, their manager,decided to promote Harrison because he ha
    7·1 answer
  • "Macroeconomics is the part of economics concerned with individual units such as a person, a household, a firm, or an industry."
    14·2 answers
  • Tommy’s Tile Service is planning on purchasing new tile cleaning equipment that will improve their ability to remove tough stain
    12·1 answer
  • What is a means exam?
    8·2 answers
  • Orange County Shop follows the revenue recognition principle. Orange County services a bicycle on July 31. The customer picks up
    8·1 answer
  • When a firm grows larger, many additional layers of managers are sometimes added that do not actually produce any output. At the
    6·1 answer
  • Land is purchased for​ $300,000. Back taxes paid by the purchaser were​ $8,500; total costs to demolish an existing building wer
    8·1 answer
  • g When the money market is drawn with the value of money on the vertical axis, the price level increases if a. money demand shif
    14·1 answer
  • Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those pre
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!