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QveST [7]
2 years ago
7

It is said that in a perfectly competitive market, raising the price of a firm's product from the prevailing market price of $17

9.00 to $199.00, ____________________. will likely cause the firm to reach its shutdown point immediately will cause the firm to recover some of its opportunity costs could likely result in a notable loss of sales to competitors is a sure sign the firm is raising the given price in the market
Business
1 answer:
stich3 [128]2 years ago
6 0

Answer:

could likely result in a notable loss of sales to competitors

Explanation:

In the case of the perfect competitive market wheen the price of the firm is increased from $179 to $199 as compared to the prevailing market price so this means that there should be the loss with respect to the sales for the competitors or rivalrs as this would result the firm to lose its overall shares to its rivalry

Therefore the above statement should be considered true

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Explanation:

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2 years ago
The store hours can be different for each day of the week.<br> True<br> False
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2 years ago
Outlines give you a chance to organize your thinking before determining word choice and sentence structure. Which of the followi
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Answer:

<u>When making an outline, it is a good practice to:</u>

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6 0
3 years ago
"A proposed new project has projected sales of $201,000, costs of $93,000, and depreciation of $25,400. The tax rate is 22 perce
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Answer:

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Explanation:

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