Answer:
c. to all of the states.
Explanation:
Remember, that the US Congress<em> has the power</em> to enact laws that affect the whole Country.
Note that, the laws passed by the U.S. Congress are called <u>Statutes at Large.</u>
Therefore, this statute that imposes liability on businesses emitting significant amounts of a certain pollutant into the environment would affect all the states in the country.
Different sellers of wheat like MacDonald's farm and Mickey's Farm where they do not have an influence on the price marks the existence of pure competition in the economy.
<h3>What is pure competition?</h3>
Pure competition refers to a market where there is free entry and exit of buyers and sellers in the market selling exactly the same product with, no buyer or seller can influence the price.
Hence, if there is a pure competition in the wheat market, none from the aforementioned sellers would be able to sell enough so that they can influence the price.
Learn more about pure-competition here:
brainly.com/question/1622043
#SPJ1
Answer:
I love the message of this song. Thank you for sharing!
The cereal industry is an example of what type of competitive market? An oligopoly. A oligopoly is a competitive market structure where there is a limited amount of market shared by a small amount of competitors. There are few cereal products that produce many different types of cereal flavors.
Answer: <u><em>So, the minimum selling price will be $26.</em></u>
Explanation:
The fixed cost are incurred regardless of the production volume, they're tangential to decision making.
Now,
Minimum selling price that should be accepted for the product is given as follow:
Variable manufacturing cost = $20
Variable selling and admin = $6
Total cost incurred = Variable manufacturing cost + Variable selling and admin = $26.
<u><em>So, the minimum selling price will be $26.</em></u>