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jeka57 [31]
3 years ago
7

For a market to be competitive:a. each buyer and seller is small, relative to the whole market; no single decision-maker has any

influence over the market price.B.sellers must produce goods and services that are different from their competitors.C.sellers should have substantial pricing power.D.the price must be a fair price
Business
1 answer:
kirill115 [55]3 years ago
7 0

Answer: Option (A) is correct.

Explanation:

Each of the buyer and seller are small when we are relating it with the whole market. so, there will be no power in the hands of a single decision maker and if a firm wants to change their prices then it will not have any influence on the market price. In a competitive market, there are large number of buyers and sellers, thus, one buyer or seller doesn't have any impact on the market price.

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Explanation:

A competitive advantage allows one company to produce or sell goods more effectively than another company. For that reason, entrepreneurs always try to develop competitive strategies that help them maintain that advantage.

According to researcher researcher Michael E. Porter, there are at least four types of competitive strategies: differentiation, cost leader, low cost approach, and low cost differentiation. Each entrepreneur can use one of these standard strategies or develop his own strategy since flexibility is an important characteristic of competitive strategies, although the reality is that most companies use one of these four generic strategies.

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A company has net income of $90,000; its weighted-average common shares outstanding are 18,000. Its dividend per share is $0.45,
LekaFEV [45]

Answer:

Option B is correct (17.6)

Price-earnings ratio=17.6

Explanation:

option B is correct (17.6)

Given Data:

Net income=$90,000

Weighted-average common shares outstanding=18,000

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Book value per share=$76

Required:

Price-earnings ratio=?

Solution:

Formula:

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