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Black_prince [1.1K]
2 years ago
11

In capitalism what is pure competition?

Business
1 answer:
inysia [295]2 years ago
5 0

Answer:

Pure or perfect competition is a theoretical market structure in which the following criteria are met: All firms sell an identical product (the product is a "commodity" or "homogeneous"). All firms are price takers (they cannot influence the market price of their product). Market share has no influence on prices.

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If a fishing boat owner brings 10,000 fish to market and the market price is $7 per fish, she will have $70,000 in total revenue
Alex777 [14]

Answer:

$10,000

Explanation:

Given that

Total revenue is $70,000

Total fixed cost is $40,000

And, the total variable cost is $10,000

According to the given situation, the computation of profit is shown below:-

Profit = Total Revenue - Total Fixed cost - Total variable cost

= $70,000 - (10,000 × $4) - 10,000

= $70,000 - 40,000 - 10,000

= $10,000

Therefore for computing the profit we simply applied the above formula.

6 0
3 years ago
I need help in this it’s personal finance
Lilit [14]

Answer:

it may personal finance

Explanation:

because it's is include personal site

7 0
2 years ago
Two individuals at a retail store work the same cash register. You evaluate this situation as Select one: a. Supporting internal
spin [16.1K]

Answer:

B. A violation of establishment of responsibility

Explanation:

They both should have established something different to work on but for both of them to work the same cash register, it is a violation of establishment of responsibility

5 0
3 years ago
Assume that an American company today invests some of its spare cash in a Hungarian money market account that will earn 8 percen
Artist 52 [7]

Answer:

D. The dollar appreciates against the Hungarian forint.

Explanation:

If after investing, it happens during the next two months that the dollar invested by the American company appreciates against the Hungarian forint.

It would imply that the company will earn less than 8 percent on its investment.

7 0
2 years ago
Read 2 more answers
Which of the following is NOT a common feature of a
Lyrx [107]

Answer:

Investment trading

Explanation:

Financial institutions' core business is to sell loans. They accept deposits from customers and use those deposits to create loans to firms and individuals. Financial institutions are intermediaries of credit; they connect the demand and the suppliers of credit. Direct deposits are a way of depositing money while ATM's and debits card gives customers access to their deposits.

Investment trading is a service offered by stock exchange markets through stockbrokers and investment banks.

I

6 0
2 years ago
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