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
balu736 [363]
3 years ago
5

A perfectly competitive firm is a: Group of answer choices price taker, because it must accept the market equilibrium price. pri

ce participant, because it can coordinate its pricing decisions with other firms. price maker, because it has the freedom to set the selling price. price leader; it can change its price and other firms will adjust.
Business
1 answer:
den301095 [7]3 years ago
6 0

Answer:

A.  price taker, because it must accept the market equilibrium price.

Explanation:

A perfectly competitive firm is an ideal firm in which different firms sell products that are homogeneous or similar in nature. They are price takers because the prices of goods are determined by changes in demand and supply, therefore they must accept the market equilibrium price. They do not attempt to fix the prices of commodities. The opposite of this type of firm is a monopoly where a firm has complete control of a market, having the ability to change prices as it wills.

An example can be found among businesses that sell similar kinds of products. It could be in the form of grocery stores that sell similar wares. When any of the sellers leave the market, it does not affect the other sellers as their prices are at equilibrium. Therefore, anyone can enter or exit this type of market.  

You might be interested in
The more conservative a firm's management is, the higher its total debt to total capital ratio [measured as (Short-term debt Lon
PtichkaEL [24]

Answer:

False

Explanation:

The conservative approach is that the firm has greater level of working capital investment than the competitor or industry average. So to fund the higher level of working capital the company has a set of policy and targets related to the level of debt level which means the company will not be willing to borrow further money if their borrowing exceeds the set limit or benchmark. They might use the equity instruments (Preferred stock or Common equity) to fund the higher level of working capital.

So their no absolute argument whether the denominator will increase or the nominator will increase in the Total debt to capital ratio. Hence the statement is false.

8 0
4 years ago
Which of the following would likely be covered under homeowners insurance but NOT by renter's insurance? AA fire destroys almost
Cloud [144]
D a tree branch breaks your window
5 0
4 years ago
Which of the following is the most likely explanation for the imposition of a price ceiling on the market for milk? a. Policymak
Ksenya-84 [330]

Answer: i think the third one maybe... (APEX)

Explanation: this should work

5 0
3 years ago
In the United States, all financial institutions are required to conduct business at a physical location only.
worty [1.4K]

Answer:

B-False

Explanation:

Because some companies do business online.

4 0
3 years ago
Key performance indicator​ cards: A. lead to local but not global or strategic improvements if they are not linked to strategy.
Alecsey [184]

Answer:

A. Lead to local but not global or strategic improvements if they are not linked to strategy.

Explanation:

A key performance indicator card is a technique or rather methodology used in assessing the status of a measure by comparing key indicators to target. It is a performance card that identifies the main objective and gives a well structured view of the organization. It can lead to both local and strategic improvements if they are linked to strategy. They are performance scorecards developed without necessarily working from company's strategy.

3 0
3 years ago
Other questions:
  • Start by clearly defining your topic with a thesis statement.
    15·2 answers
  • Prior to closing, a final walkthrough of the property should be performed to ensure that everything has remained as stated in th
    11·1 answer
  • Which of the following statements is true of the new product development process? Question 8 options: 1) Commercialization is th
    8·1 answer
  • Calculate the number of CO2 molecules in 0.0334 molmol of CO2.
    11·1 answer
  • Which strategic plan model is useful for new or small firms?
    15·2 answers
  • Suppose you win a small lottery and have the choice of two ways to be paid: You can accept the money in a lump sum or in a serie
    8·1 answer
  • Gottschalk Company sponsors a defined benefit plan for its 100 employees. On January 1, 2020, the company's actuary provided the
    15·1 answer
  • Which type of selling method sells the oldest inventory first?
    13·1 answer
  • . General Motors is considering increasing the length of its bumper-to-bumper warranty on new vehicles from 3 years to 5 years.
    8·1 answer
  • Like other limited liability companies, for federal jurisdictional purposes, Rodeo Productions LLC is most likely a citizen of
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!