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
alexdok [17]
3 years ago
14

What is the condition for profit maximization for a pure competitive firm?

Business
1 answer:
Reika [66]3 years ago
4 0
I believe this needs to come from a non monetary source. Pure competition allows for no price change between firms. So profit maximization needs to come from market share. I believe the answer would have to be in service levels or ease of business improvements. If you are forced to have the same price levels the levers to pull are few but the exist only customer service, ease of transacting, other value add initiatives. Just my thoughts
You might be interested in
Hochberg Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Tota
Minchanka [31]

Answer:

$2.58 per machine hour

Explanation:

The computation of the fabrication activity cost pool activity rate is

= ($461,000 × 15%) + ($123,000 × 15%) + ($207,000 × 20%) ÷ 50,000 machine hours

= ($69,150 + $18,450 + $41,400) ÷ 50,000 machine hours

= $2.58 per machine hour

5 0
3 years ago
Sara shouppe has invested $100,000 in an account at her local bank. the bank will pay her a constant amount each year for 6 year
katovenus [111]
We can compute this using the Annual depreciation charge
Use the formula:
depreciationcharge= (Co-Cn)i/[(1+i)^n-1)]
where
Co= initial amount= $100,000
Cn- value after n years= $0
n= life of account= 6
i= interest rate=10%
Sunstituting all the values, we will get,
depreciation charge = $12960.74

The bank will have to pay Sara shouppe  $12960.74 for the investment of $100000 with 10% interest.


5 0
3 years ago
Why do corporations merge into conglomerates
GarryVolchara [31]
To create rapid growth 

8 0
3 years ago
What is the main difference between private and government consumer advocacy employers?
sweet [91]

Answer:

Step-by-step explanation:

Step-by-step explanation:

Step-by-step explanation:

Explanation:

6 0
3 years ago
Read 2 more answers
A __________ is a written document that details the business idea, the target market and the business's competitive advantage, f
Alina [70]

Answer:

business plan

Explanation:

A<u> business plan</u> is a written document that details the business idea, the target market and the business's competitive advantage, financial resources available for the business, and the qualification of the management.

7 0
3 years ago
Other questions:
  • __________ and ________ are stimulus preference assessment methods, while ________ and __________ are reinforcer assessment meth
    11·1 answer
  • In expectancy theory, valence is
    13·1 answer
  • The p/e ratio can be interpreted as ""the number of years’ earnings to pay back purchase price"" True or False
    13·1 answer
  • TB MC Qu. 4-44 Privott, Inc., manufactures ... Privott, Inc., manufactures and sells two products: Product Z9 and Product N0. Th
    11·1 answer
  • What is a rule of solid database design regarding calculated values?
    10·1 answer
  • Lori contracts to buy coffee beans for her store from Mike. The contract price is $7.50 per pound of Costa Rican coffee. Mike br
    15·1 answer
  • 5. Elmofud, Inc. is considering splitting its stock. The stock is currently priced at $90 per share. You own 100 shares of the s
    7·1 answer
  • Can Europe's debt crisis be contained?
    14·1 answer
  • Advantage of inventory​
    8·1 answer
  • The following describes which type of bank? "Serves everyday people like you and me!"
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!