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
garik1379 [7]
3 years ago
9

For which market model is there a very large number of firms (offering the same goods for sale), which helps to lower costs and

prices?
History
2 answers:
Vsevolod [243]3 years ago
6 0
<span>The market model that offers the same goods, made and sold by many companies, is called perfect competition. The goods produced are typically consumer goods needed by a large percentage of the population, thus prices are kept relatively low.</span>
solmaris [256]3 years ago
6 0

Answer:

A producer charges $ 500 for a cell phone, but buyers are not buying any cell phone at this price. Therefore, at this price, the producer is willing to provide more phones, and consumers are willing to buy no phones.

Explanation:

This question requires an understanding of supply and demand theory. According to this theory, consumers and suppliers interact in the market according to the price of goods and services. The consumer tends to pay the lowest possible price, while the producer tends to sell for the highest possible value. Thus, if the price is low, the consumer tends to buy more units, while the supplier tends to offer less or no quantity. Conversely,<em> if the price is high, the supplier tends to offer more quantities while the consumer tends to buy less or no quantity. </em>

In a competitive market, the realization of the sale will depend on a price value at which both are willing to trade. This price is adjustable since if no quantity is sold, the supplier tends to lower the price and if the price is cheap, consumption increases and the price tends to increase. At some point the selling price will be equal to the price that the consumer is willing to pay, this will be the equilibrium price where supply and demand match.

You might be interested in
What area did explorers from Portugal focus on exploring? (4 points)
Ludmilka [50]
B. India had many spices China had silk and there had also been many port cities in Africa so ships could get to Asia.
6 0
2 years ago
By the late 1890s, which group also began to work for the reforms that Populists wanted?
arlik [135]

Answer:

I wanna say that it is a.

Explanation:

The People's Party, also known as the Populist Party or simply the Populists, was a left-wing agrarian populist late-19th-century political party in the United States. The Populist Party emerged in the early 1890s as an important force in the ... Angered by these developments, some farmers and other groups began calling for ...

7 0
2 years ago
Read 2 more answers
As a result of their Puritan beliefs, what was the center of life for colonists in<br> New England?
Crazy boy [7]
New England colonists’ lives revolved around religion
8 0
2 years ago
Read 2 more answers
A group that wants to lower cost by encouraging competition would be likely to support
Gekata [30.6K]

Any group looking to lower costs by encouraging competition would likely support free trade agreements. Free trade agreements encourage competition in markets.

8 0
3 years ago
Read 2 more answers
Which was true of the U.S. government after independence ?
stich3 [128]

A. It had no allies in Europe or North America

5 0
3 years ago
Read 2 more answers
Other questions:
  • Que de nuevo he aprendido al crear mi diseño textil?
    14·1 answer
  • True or False? The discussions and debates over the new constitution were done in open session where the public could attend.
    10·2 answers
  • Why was the District of Columbia created?
    13·2 answers
  • The idea that people are free to do as they please, without control by government is found in which of the following: A. Democra
    10·1 answer
  • The 1992 Los Angeles riots was an example of _____. People reserving their judgment people forgetting the golden rule of good co
    15·1 answer
  • Which was a great influence of Eisenhower foreign policy?
    8·1 answer
  • Under the Albany plan of union, the American colonies would have been ruled by
    6·2 answers
  • Which of the following best describes why Africans could have sold other Africans into slavery?
    6·1 answer
  • 10. Why do we have checks Balances to begin with
    15·1 answer
  • 3) If you were a businessman or businesswoman or simply a business leader,
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!