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denpristay [2]
3 years ago
8

Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or

competitive industry).Assumed in perfect Competition------------------Not Assumed in perfect Competition-A small number of producers-Significant barriers to entry-Many buyers-Firms selling similar but different goods-Price taking behavior
Business
1 answer:
marshall27 [118]3 years ago
8 0

Answer:

Assumed in perfect Competition

Many buyers

Price taking behavior

Not assumed in perfect Competition

A small number of producers

Significant barriers to entry

Firms selling similar but different goods

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

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Theo chocolate is ready to take their products abroad. Deborah, Theo chief marketing officer, has decided that the company needs
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Mio Canoe Livery rents canoes and transports canoes and customers to and from their canoe trip on a local river. The trip is pri
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The answer is 14,000 units to  break even and 21,000 units to earn a profit of 42,000.

Explanation:

To calculate a break-even point based on units: Divide fixed costs by the revenue per unit minus the variable cost per unit. The fixed costs are those that do not change no matter how many units are sold. The revenue is the price for which you're selling the product minus the variable costs, like labor and materials.

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4 years ago
A differentiator is least likely to be threatened by increases in input prices due to powerful suppliers when the?
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economies of scale. A differentiator is least likely to be threatened by increases in input prices due to powerful suppliers when the: differentiator is able to create a significant difference between perceived value and current market prices.

An economy is the area of ​​production, distribution, trade, and consumption of goods and services. It is generally defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.

Every economy operates on its own terms and assumptions. The economy can be divided into four main types: traditional economy, planned economy, mixed economy, and market economy.

Italy, Japan, USA, UK, Canada.

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4 0
1 year ago
ABC Hospital invests $5,095,000 in a joint venture with a reputable oncology group and the hospital agrees to a 55% interest in
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Answer:

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8 0
3 years ago
A shopkeeper purchased the building that houses her shop, incurring an obligation to the owner of the building equal to the fair
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No, the original owner recover this amount from the shopkeeper because "the release of the mortgage discharged the shopkeeper's personal liability."

<h3>What are mortgage?</h3>

When you and a lender enter into a mortgage, the lender is granted the power to seize your property if you are unable to pay back the loan amount plus interest. Mortgage loans are used to either purchase a home or borrow against an existing home's worth.-

The examples of mortgage loans are-

  • A mortgage would be something you would borrow money against at the bank.
  • Mortgage is a loan taken to purchase property and guaranteed by the same property.
  • An example of a mortgage is the loan you took out when you bought your house.

As for the given condition, the owner will not get the amount from the shopkeeper because the building owner's release of the relevant mortgage releases the shopkeeper/mortgagor from personal accountability for the loan made by the original owner of the building (i.e., mortgagee).

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