All categories

3 years ago

What is one drawback of pure competition compared to monopolies?

Business

2 answers:

frutty [35]3 years ago

8 0

Answer:

D. Pure competition spreads resources between many different

firms.

Explanation:

Pure competition is a market structure with many suppliers and many buyers. All the suppliers sell a homogeneous product. There is intense business competition among the suppliers. Other characteristics of pure competition include

There are no dominant suppliers.
There is ease of entry and exit into the market
Suppliers/firms are price takers.

In pure competition, resources are shared among the many competing firms in the industry, unlike in a monopoly that has only a single supplier. Resources include raw materials and profits.

weeeeeb [17]3 years ago

3 0

Answer:

Explanation:

You might be interested in

In general, education is correlated to income

liq [111]

Answer:

positively.

Explanation:

The correlation between education and income is positive a more educated person will always have a better income than one that is not. But along the statistical distribution of this correlation there are people that deviate for the curve (standar deviation) and even though they are educated they do not earn as much money to others that have the same level of education.

3 0

3 years ago

Read 2 more answers

Qs 20-13 manufacturing: direct materials budget lo p1 miami solar manufactures solar panels for industrial use. the company budg

Helen [10]

Calculation of Direct Material Budget for the month of July:

Budgeted production (Units) for July 5,000

Material required per unit (pounds) 3

Material requirement for July (pounds) = (5000 units * 3 pounds) 15,000

Add: Ending material inventory (5300 units * 3 pounds* 30%) 4,770

Less: Beginning material inventory 4,500

Direct Material Purchase (Pounds) (15000+4770-4500) = 15,270

Cost per pound of Metrial ($) $6.00

Direct Material Purchase ($) (15270 pounds * $6) = $91,620

7 0

3 years ago

When the president issues a rule or regulation that reorganizes or otherwise directs the affairs of the executive branch?

oksano4ka [1.4K]

What you described is called an executive order. The president can do this whenever he wants and if it's unconstitutional then the congress and the judiciary system, more specific the Supreme Court, can overthrow this and ban the executive order because it's considered to be unconstitutional or harmful. The president can use this for almost anything.

4 0

3 years ago

Read 2 more answers

The following account balances relate to the stockholders’ equity accounts of Skysong, Inc. at year-end. 2020 2019 Common stock,

balandron [24]

Answer:

$84,200

Explanation:

The Net Income for the 2020 financial period can be calculated through the Retained Earnings Account for 2020 as follows :

Retained Earnings at beginning of the year $249,100

Add Net Income for the year (Balancing figure) $84,200

Less Dividend Declared for the year ($11,300+$17,000) ($28,300)

Retained Earnings at end of the year $305,000

6 0

3 years ago

1)What is human capital, and how is it different from strictly the quantity of workers available for work? Name three ways to in

Nitella [24]

Answer: Human capital means the qualities of the labour force as it relates to skill, knowledge, education

etc.

2. The quantity of workers available for work refers strictly to the total number of labour force that are ready for work at a particular time, it's different from human capital which includes the total number and other factors like education, skills etc

2B Three ways to improve a nation human capital are education, skills development program and mentoring.

3. Increase in size of labour force refers strictly to the numbers of labour force while increase in human capital refers to the number and quality of the labour force like skills and knowledge

6 0

3 years ago