The prospect of greater market share and setting themselves apart from the competition is an incentive for firms to innovate and make better products. But no firm possesses a dominant market share in perfect competition. Profit margins are also fixed by demand and supply.
A perfectly competitive firm is a price taker, which means that it must accept the equilibrium price at which it sells goods. If a perfectly competitive firm attempts to charge even a tiny amount more than the market price, it will be unable to make any sales.
Perfect competition occurs when there are many sellers, there is easy entry and exiting of firms, products are identical from one seller to another, and sellers are price takers.
The market structure is the conditions in an industry, such as number of sellers, how easy or difficult it is for a new firm to enter, and the type of products that are sold.
Hope this helps:)
Well, you don't have exact information for me to solve it.
W3c which stands for (<span>The World Wide Web Consortium ) </span>developed a certain standard that could be used if we wanted to create a website. Without w3c, we will not get the information needed on how to ensure the long-term growth of the web, and the web will most likely to face several technical issues that drive visitors away.
Answer:
The correct answer is d. reliability
.
Explanation:
The level of reliability is widely recognized by the market, based on successful experiences in the provision of consulting services by this company. This means that many clients have placed their trust and received excellent treatment, and there is a high probability that disputed cases can be won. Voice-to-speech is a way for companies to gain popularity, without the need to invest large sums of money in promotion.
Answer:
The expected return on this investment is 10.500%
Explanation:
The expected return is the return anticipated by the investors based on the different circumstances and how the return can change under these circumstances. The expected return can be calculated by multiplying the probability of each circumstance by the return under that circumstance.
Expected return = pA * rA + pB * rB + ... + pN * rN
Where,
- p represents probability of each event
- r represents return under each event
Expected return = 0.3 * 0.25 + 0.1 * 0.15 + 0.3 * 0.1 + 0.3 * -0.05
Expected return = 0.105 or 10.500%
