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aleksandrvk [35]
3 years ago
14

How does perfect competition affect the equilibrium price?

Business
1 answer:
marin [14]3 years ago
8 0

Answer: The competition represents two opposing elements that compete with one another to reach a specific goal.

Explanation:

Competition is present in all segments of life, including economically and commercially. Trade competition in achieving the most favorable terms of exchange; takes place on the part of the bidders who try to secure sales with lower prices and better quality of their goods or services, on the side of the buyers who offer higher rates and other more favorable payment terms trying to reach the desired products and services, and between buyers and sellers.

Therefore, the parties are forced to adapt to the general terms of supply and demand, thereby establishing a price that equates to the number of goods offered and claimed. Only in such conditions can the balance of rates and market equilibrium be pronounced. In such relationships, there is also a decrease in prices. To abolish the possibility of monopoly and thus regulate the raising of rates, states should give everyone the same conditions for market competitiveness.

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Complete the following sentence.
tiny-mole [99]

Answer:

Auditor

Explanation:

If an interviewer has suspicions of fraud, the interviewer may call on a fraud AUDITOR to assess the situation.

This is because a FRAUD AUDITOR is a type of auditor who based on his experience and background, works as a professional in the gathering of verifiable evidence in terms of fraud and eventually serves as an expert witness during the legal proceeding of such cases.

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3 years ago
Gina Robinson, Inc. (GRI) GRI management has decided to reinvent the culture of the organization. Previously, the company tried
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Answer:

C) Telecommuting

Explanation:

Telecommuting simply means working from your home. The internet changed our lives completely, and it is also how we work. Everyday more people are starting to work from distant locations to their "main office". This means that they can be working at their house using a computer which is connected to the company's intranet.

Some of the advantages of telecommuting is that it increases efficiency by decreasing costs (you don't have to spend time going to work and you can have your office at home), reducing employee churn rate, allowing older or disabled people to work, it is good for your health, and around 65% of telecommuters in the US have have increased their work efficiency vs. their normal office work.

7 0
3 years ago
A firm that is not economically efficient still maximizes profit if the price at which it sells its good or service is high enou
frozen [14]

Answer:

C. A firm that uses more labor and less capital than another firm cannot be technologically efficient

Explanation:

"Technological efficiency" is different from "economical efficiency."

Technological efficiency focuses on having the least amount of inputs in hitting the maximum output. Economical efficiency focuses on having the least amount of cost in hitting a maximum output.

Choice c mentioned about<em> "more labor</em>" so, this shows that it is not technologically efficient because it has more inputs. It should include only the <em>fewest number of labor</em>, since it is the concern of a technologically-efficient firm<em> (and not the cost)</em>.

This also shows that a "technologically-inefficient method" <u>can be</u> "economically-efficient."

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3 years ago
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D. Copper is a scarce resource, which increases its value.

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Since producing copper is way harder than producing plastic, Producer needs a way to accommodate the bigger efforts that they need to make to produce the copper. This justify  why the price of copper is higher.

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4 years ago
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