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
Bogdan [553]
2 years ago
5

A perfectly competitive firm a. has a perfectly inelastic demand. b. has a perfectly elastic supply. c. Answers A and B are corr

ect. d. Answers A and C are correct. e. sells a product that has perfect substitutes.
Business
1 answer:
den301095 [7]2 years ago
5 0

Answer:

b

e

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.  

You might be interested in
A nation has a population of 300 million people. Of these, 80 million are retired, in the military, in institutions, or under si
ValentinkaMS [17]

Answer:

Unemployment rate = 4.55%

Explanation:

We know,

Unemployment rate = Number of unemployed people in a country ÷ Total labor force.

Given,

Number of unemployed people in a country = 10 million

Labor force = Number of unemployed people in a country + Number of employed people in a country

Therefore, Labor force = 10 million + 210 million = 220 million

Putting the values into the above formula, we can get,

Unemployment rate = (10 million ÷ 220 million) × 100

Unemployment rate = 0.04545 × 100

Unemployment rate = 4.55%

8 0
3 years ago
First he was all about innovation. next it was efficiency. now​ snyder's strategy is customer responsiveness. these changes in s
Lorico [155]

These changes in strategy are indicative of internal forces of change. Internal forces of change in business refer to events, people and systems inside a company that aid or prevent it from fulfilling short term as well as long term goals. 

8 0
3 years ago
Which important biochemical process receives a supply of nad ions from the fermentation process during anaerobic respiration?
Alexxandr [17]

Answer:

Glycolysis

Explanation:

Glycolysis is the process that receives a supply of NAD+ ions from the fermentation. When cells need energy but there is no oxygen for aerobic respiration than anaerobic respiration takes place.

5 0
2 years ago
You have been placed in charge of a large project. Shortened communication lines are required to ensure quick resolution of prob
EastWind [94]
Pure Project!! i might be wrong :)
3 0
3 years ago
Once Arnold Patel had decided he wanted to quit working as a Web designer for a large advertising agency and go into some kind o
Orlov [11]
The correct answer is letter "E": find the idea for his business.
Explanation:
There are no set of steps or books that could determine when entrepreneurs could start a business or not. Most ventures are engaged by recognizing an opportunity and matching it with strengths individuals have that could make the plan work. Proper assessment and partnership are vital in this stage for the venture not to be affected by the initial challenges of entering into a market.
If Arnold has found he has an entrepreneurial spirit, then, he should spot different opportunities in the market for him to take one and develop a business idea.
5 0
2 years ago
Other questions:
  • Deer Lake Inc. uses a job order costing system with manufacturing overhead applied to products at a rate of 150% of direct labor
    9·1 answer
  • You currently purchase a part used in your production process from an outside supplier, and have decided to begin making this pa
    6·1 answer
  • "what are the key steps in retirement planning
    12·1 answer
  • How does the rotating membership of the FOMC work
    15·2 answers
  • Edna is a leading brain surgeon in the United States. She enters into a contract to perform a complicated brain surgery on Ben.
    11·1 answer
  • Central Supply paid off an accounts payable for a toboggan it had purchased on credit three weeks ago. The time period between t
    12·1 answer
  • When the price level decreases:
    11·1 answer
  • Will is preparing a report and he wants to make sure that his audience makes an informed decision. He wants to make sure that he
    15·1 answer
  • Pension data for Sterling Properties include the following:
    6·1 answer
  • Explain the governance of internet​
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!