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
Liono4ka [1.6K]
3 years ago
11

1. In a pure competition market, producers should produce and sell where P=MC. Why? Why couldn’t they price their product above

MC or wherever they want? Explain your reasons.
Business
1 answer:
Travka [436]3 years ago
5 0
In a pure competition market, all products that being sold in that market is EXACTLY the same. None is worse and none is better.

In that condition, Buyers will make their decision based on price ( since all product's quality is possible)

That's why producers should sell where p=MC, which mean they should sell in the lowest price possible to be able to compete with other competitors
You might be interested in
Small populations are subject to changes in allele frequencies simply due to random chance, such as the accidental death of an i
Fantom [35]
<span>Small populations are subject to changes in allele frequencies simply due to random chance, such as the accidental death of an individual. This process is known as genetic drift.
Genetic drift refers to some changes in the gene variant (allele) which leads to survival or death of a certain organism.
</span>
6 0
3 years ago
1. Based on systems characteristics, identify any component (substructure) in the organization and describe its objective, the a
worty [1.4K]

The business system or organization as a system refers to the structure that are interrelated substructure such as production, sales, marketing etc. They all are connected with each other.

<h3>What is a system? What is its characteristics?</h3>

A system is a set of activities that are organized in a specified manner and followed by an organization in order to achieve the pre-determined goals.

System refers to the grouping of interdependent components or departments in one link for the achievement of the specific objective. For example- coordination among the sales, production or personal department as by their properly interaction, a firm can function effectively and profitably.

In any organization, all the departments must interact or coordinate with each other.

Learn more about the systems characteristics here:-

brainly.com/question/17439106

#SPJ1

4 0
3 years ago
PLEASE HELP ASAP! Will give BRAINLIEST! Please answer correctly!<br> No guessing!
drek231 [11]

Answer:

D

Explanation:

I took ape-x classes also lol

8 0
3 years ago
Read 2 more answers
The following information pertains to Cullumber Company. 1 Cash balance per books, August 31, $7,374. 2. Cash balance per bank,
Whitepunk [10]

Answer:

Explanation:

Bank reconciliation

Bank cash balance 7,338

Add: Deposit in transit 2,810

Less: Outstanding check 690

Adjusted cash balance 9,458

Cash balance per books 7,374

Add: Electronic bank transfer received by bank 2,126

Less: Bank service charges 42

Adjusted cash balance 9,458

Dr Cash 2,126

Cr Accounts receivable 2,126

Dr Bank service charges expense

Cr Cash 42

7 0
3 years ago
Luxury Dwellings Inc. is a condominium-building company that is based in the country of Veritas. Itsells high-priced homes to co
meriva

Answer:

A) international

Explanation:

Luxury Dwellings knows that their clients are wealthy individuals from their home country Veritas and specially from foreign countries. That is why they are not worried about local economic conditions and about varying costs. Since their brand if highly recognized overseas, they are more worried about satisfying their international clients.

This is very common in vacation destinations, including some in the US, like Miami. Many luxury real estate companies located in Miami carry out marketing campaigns in European, Asian and Latin countries more than in domestic markets.

7 0
4 years ago
Other questions:
  • Which three dependent variables are most strongly theoretically linked to one another?
    14·1 answer
  • Jamie’s Bakery, a small chain of eight bakeries in Altamonte Springs, Florida has recorded sales growth of 30 percent or more pe
    6·1 answer
  • OCEAN is an acronym for _____.
    15·2 answers
  • During the taking of its physical inventory on August 31, 2019, Kate Interiors Company incorrectly counted its inventory as $366
    11·1 answer
  • When the government changes either its spending or tax policy to pursue economic objectives?
    5·1 answer
  • The dunder-mifflin paper company has been suffering an even greater spate of shirking by the accounting staff ever since its emp
    5·1 answer
  • A nursery has $45,000 of inventory in dogwood trees and red maple trees. the profit on a dogwood tree is 26% and the profit on a
    9·1 answer
  • What condition is necessary for a fiat money system to work? customers with checking accounts cannot earn interest on those acco
    5·2 answers
  • Which of these statements about GDP are true? Choose one or more: A. GDP is the output produced by workers and resources owned b
    8·1 answer
  • The fixed cost of a business:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!