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AysviL [449]
2 years ago
13

Which is not true of a perfectly competitive market? a. At the long-run equilibrium, economic profit is less than accounting pro

fit. b. There is no incentive to innovate since economic profit is zero in the long-run c. The typical industry demand curve is downward sloping d. If the long-run average total cost curve is horizontal in the relevant range of production, perfectly competitive firms can be various sizes in long-run equilibrium
Business
1 answer:
shtirl [24]2 years ago
5 0

Answer:

B is the correct option.

Explanation:

In theory, the perfect market is the structure in which all the firms sell identical products,They all are price takers, the market share doesn't influence the prices, firms can enter or exit the market without cost and resources are perfectly mobile. No markets are in the sphere of the perfect competition model. so they are classified as imperfect. The imperfect and perfect market is the outcome of post-classical economic thought of the Cambridge tradition.

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Superior Corporation reported taxable income of $1,000,000 in 20X3. Superior paid a dividend of $100,000 to its sole shareholder
Komok [63]

Answer:

$225,000

Explanation:

Federal corporate income tax (21% flat rate)

$1,000,000 x 21% = $210,000

Federal dividend tax (15%).

$100,000 x 15% = $15,000

Dividens are neither expenses nor deductible, so they do not reduce the amount of corporate taxable income. Therefore we must add up the two quantities.

$210,000 + $15,000 = $225,000

7 0
2 years ago
What is the organisation for supermarket.!
AURORKA [14]
The organization for supermarket is that you have to keep the food and fruits nice and fresh clean the floors and the whole store which is a lot of work for the workers to do they have to fix every problem there is and have to keep their business  
6 0
3 years ago
PLEASE HELP QUICK I AM STUCK. IT WOULD REALLY MAKE MY DAY. I WILL MARK BRAINLIEST!!
Vladimir [108]

1 : D

2: A

3: B

4: C

5: C

6: A

7: C

8: C

Hope this helps u brainliest is appreciated

~lexy

5 0
3 years ago
The difference between standard costs and budgeted costs is that standard cost refers to a single unit while budgeted costs refe
aleksandrvk [35]

Answer:

"While budgeted costs refer to the cost, at standard, for the total number of budgeted units. "

Explanation:

The first sentence would be the correct one

The budget consist of get the revenues and costs for the business using the standard measurement for one unit.

Please be more clear in future questions, thank you =)

4 0
3 years ago
What is the term used to describe product attributes that attract certain customers and can be used to form the competitive posi
Nikitich [7]

Answer:

What is the term used to describe product attributes that attract certain customers and can be used to form the competitive position of a firm?

Competitive dimensions.

Explanation:

In the business world, there are companies that sell products that are used for the same things. The companies in this types of environments are in competition with each other since they are all fighting over the same resource which is market share. A bigger market share usually translates to more customers and more sales. Bigger sales reflects to a bigger profit margin. For a company to have a bigger market share, there are a number of things that they can do to form the competitive position of their firm. They can do this by using product attributes that attract certain customers, a situation termed competitive dimensions.

The following competitive dimensions can be considered, namely;

1. Quality: companies can focus on the quality of their product by improving the quality of the features above the competition. In this way some customers might consider opting for that product because of its perceived quality. The major features of quality are: reliability, performance, serviceability and value for money.

2. Time: the following form the major components of time, namely; delivery time, manufacturing lead-time and frequency of delivery.

3. Price and cost: these include selling price and the service costs.

3 0
3 years ago
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