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
White raven [17]
3 years ago
9

Suppose ABC Dairy is one firm competing in the perfectly competitive market for milk. Now suppose ABC Dairy decides to produce o

nly organic milk. Which of the following best describes the effects of this change in the market?
a. ABC Dairy will still be a price taker because it is still operating in a perfectly competitive market.
b. ABC Dairy will have a monopoly on organic milk due to very high entry barriers.
c. The other dairy firms will produce with excess capacity, but ABC Dairy will be efficient.
d. ABC Dairy is differentiating its product and will likely be able to charge a higher price than before.
Business
1 answer:
Sedbober [7]3 years ago
8 0

Answer:

The correct option is D.

Explanation:

In a perfectly competitive market, there are many sellers selling the same product and in this market, firms have easy entry and exit, products are identical in nature from one seller to another and also the sellers are price taker.

So, in this case, ABC firm compete in this market for milk but later on they changed their production to produce organic milk and this change would be described by the effect that ABC firm is differentiating its product from market and they will have a chance to charge high price than earlier.

Therefore, the correct option is D.

You might be interested in
Maas LLP developed software that helps farmers to plow their fields in a manner that prevents erosion and maximizes the effectiv
Dafna1 [17]

Answer:

The correct option is D. $ 20,000

Explanation:

$ 20,000 is the revenue that will recognize in the first year of the contract Because the company Mass LLP will have no more continuing involvement with the Company Sunny Dale.

All the license transfers a right of use to Sunny Dale, and all license revenue $20,000 will be recognized upon transfer of control of the software to the customer

4 0
3 years ago
The type of production that does not concern itself with customer preferences, but instead focuses on making a large number of a
lord [1]

A type of production that focuses on making a large number of a few products rather than customer preferences is called mass production.

<h3>What is mass production?</h3>

Mass production is also referred to as continuous production or flow production and it can be defined as a type of production that focuses on manufacturing large quantities of a standardized product and it doesn't concern itself with customer preferences.

This ultimately implies that, mass production is mainly focused on making a large number of a few products rather than being focused on customer preferences. Also, the production is usually in a constant flow and automated by a mechanical process.

Read more on mass production here: brainly.com/question/744854

3 0
2 years ago
What is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually?
klasskru [66]

Answer:

$8

Explanation:

The yearly amount of interest earned on a $100 deposit at 4 percent rate is:

Ai=$100*0.04\\Ai=\$4

Since simple interest investments yield a constant interest each year, the amount earned after two years is:

I=2*\$4\\I=\$8

The total amount earned is $8.

7 0
3 years ago
A firm has current liabilities of $500, a current ratio of 1.5, and a quick ratio of 1.1. calculate the level of inventory for t
SCORPION-xisa [38]

The inventory level will be used by an inventory manager to regulate the optimal time for manufacturing, if they are handling a manufacturer's warehouse, or to demand more if the product is being stored as stock at a store.


To solve this:

Get first the Current Assets this solved by multiplying the current liabilities to the current ratio.

CA = $500 (1.5) = $750


Then get the inventory level by multiplying the current asset to the product of the current liabilities and quick ratio.

Inventory level = $750 (500 x 1.1) = $412,500

4 0
3 years ago
A marketing ___________ is the blending of four marketing elements product, distribution, price, and promotion.
Arturiano [62]
A market mix is the blending of four marketing elements product, distribution price and promotion
5 0
3 years ago
Other questions:
  • PLEASE HELP ASAP!!! What was the former name of the TSA? When was the TSA founded and why? What is the motto of the TSA? What is
    7·1 answer
  • Assume that the required reserve ratio is 5 percent. If a commercial bank has $2 million cash in its vault, $1 million in govern
    12·1 answer
  • Suppose iron ore is an input in producing steel. how will a decrease in the price of iron ore affect the market for​ steel
    15·1 answer
  • The term used to describe all the activities managers do to help their firms create finished goods and services is __________ ma
    10·1 answer
  • AFW Industries has 214 million shares outstanding and expects earnings at the end of this year of $ 723 million. AFW plans to pa
    7·1 answer
  • Some people contemplate their lives and realize they are dissatisfied. They realize that missed opportunities have passed and th
    7·1 answer
  • Harry and Meghan have considered starting their own business but are concerned about the possibility of losing even their person
    15·1 answer
  • Elena is the CEO of a small manufacturing firm. She is concerned with meeting the investment objectives of the firm's shareholde
    15·1 answer
  • Allocating common fixed expenses to business segments: Multiple Choice may cause managers to erroneously keep business segments
    13·1 answer
  • Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!