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
Alex Ar [27]
3 years ago
15

All of the following are assumptions of the perfectly competitive model except: Select an answer and submit. For keyboard naviga

tion, use the up/down arrow keys to select an answer. a consumers have perfect information regarding product price, quality, and availability. b the output of one firm in the market is a perfect substitute for the output of other firms in the market. c the market consists of a large number of firms, and each firm is small relative to the entire market. d entry into the market in the long run is barred.
Business
1 answer:
soldier1979 [14.2K]3 years ago
5 0

Answer:

d

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.  

Perfectly competitive market consists of a large number of firms, and each firm is small relative to the entire market. This makes firms unable to set the prices for their goods.

It is the monopoly and oligopoly market structure that is characterised by high entry and exit into the market

You might be interested in
What soft skills do employers request when they list job openings in your field?Your Task. Individually or in teams, check the l
RSB [31]

Answer:

In the Present world, all the organizations need to procure individuals who don't just have the necessary specialized aptitudes to do things but who likewise have other delicate abilities like uplifting disposition, capacity to organize work and so on. Upon our investigation of discovering how and what the organizations truly need from the workers, it was seen that all the organizations laid extraordinary accentuation on having delicate abilities in any individual.  

The exploration was led on top contracting firms like Monster, College Grad, College Recruiter, organizations' separate sites, Linkedln accounts and so forth. Aside from referencing the specialized abilities vital for the activity, it was additionally referenced that the representative ought to have the option to perform well in groups, ought to be a group laborer. They need individuals who really regard others and their considerations and can coexist well with one another. At the point when such a culture is assimilated in any association, the association moves towards progress at a quicker rate than an organization who has quite recently procured a lot of geeky, laid back individuals who are simply centered around satisfying their individual objectives. Such associations develop however at an exceptionally moderate rate. The human work force is one of the most significant resources that any organization makes progress toward. At the point when this perspective isn't satisfied totally, the entire motivation behind accomplishing goals bombs wretchedly.  

Hence, each organization, regardless of whether little or enormous endeavors to enlist the best of individuals with great characteristics who will take the organization excessively far.

3 0
2 years ago
Suppose tickets for a regular seat at Super Bowl XXXVII cost just $500 when bought at face value (the cost at the box office). S
kakasveta [241]

Answer:

e. The monetary price paid to obtain the ticket.

Explanation:

The opportunity cost represent the best rejected alternative of the resources used.

If a person goes to the Super Bowl, the opportunity cost is any other entertainment show it renounce to see and any other use of the 500 dollar it used to acquire the ticket.

6 0
3 years ago
Mark is looking to buy his first home. His friends suggest that he check the style of the house and the number of rooms. He is,
Scrat [10]

Answer:

The correct answer is letter "B": anchoring.

Explanation:

Anchoring bias or focalism takes place when individuals make decisions driven by the first impression obtained on a certain matter. Under this situation, those individuals do not take well-educated decisions since there has not been an analysis of the pros and contras of picking that choice over others.

4 0
3 years ago
for each of the following, indicate whether you would quote from the original e-mail in your response. (select all that apply) t
Makovka662 [10]

The options where it is most appropriate to quote from the original email are;

Option A - To make changes to a distributed meeting agenda;

Option B - To suggest changes to the new proposed office budget

Option C - To confirm participation on a new project.

<h3>Why is it important to quote from an original email?</h3>

Quoting or citing or replying to an original email helps to ensure the following:

  • That the text being sent as a reply is considered within the context of the original one
  • To provide room for reinforcing previously sent communication
  • To allow for comparison of related text
  • To allow corrections to a referenced idea
  • To allow reference to an original thought or idea.

<h3>What is a quote?</h3>

To quote means to reference anything as proof. Quote may also be used as a verb and a noun. To quote something or someone means to repeat exactly what they said or to recite exactly what is written in a book.

Learn more about electronic communication:
brainly.com/question/20731943
#SPJ1

Full Question:

For each of the following, indicate whether you would quote from the original e-mail in your response. (Select all that apply)

A) To make changes to a distributed meeting agenda

B) To suggest changes to the new proposed office budget

C) To confirm your participation on a new project

D) To start a new discussion about getting extra resources for a project

7 0
1 year ago
Brief Exercise 11-16 Determine cash received from customers (LO11-7) Video Shack's accounts receivable decreases during the year
Alex73 [517]

The amount of cash received from customers during the reporting period if its net sales are $73 million is $82 million.

Using this formula

Cash Received from Customers = Net Sales + Decrease in Accounts Receivable

Where:

Net sales=$73 million

Decrease in Accounts Receivable=$9 million

Let plug in the formula

Cash Received from Customers=$73 million+$9 million

Cash Received from Customers =$82 million

Inconclusion the amount of cash received from customers during the reporting period if its net sales are $73 million is $82 million.

Learn more about cash received from customers here:brainly.com/question/5019692

8 0
2 years ago
Other questions:
  • When each person specializes in producing the good in which he or she has a comparative advantage, total production in the econo
    13·1 answer
  • Billy's Goat Coats has a preferred share issue outstanding with a current price of $38.89. The firm last paid a dividend on the
    14·1 answer
  • Fox Corp. failed to accrue warranty costs of $150,000 in its December 31, 20x2, financial statements. In addition, a $130,000 ch
    10·1 answer
  • What was the result in the Lucy v. Zehmer case (referenced in the textbook) involving whether allegations of joking regarding th
    8·1 answer
  • Which of the following is not an example of a<br>n IDE device??​
    12·1 answer
  • Plimpton Company produces countertop ovens. Plimpton uses a standard costing system. The standard costing system relies on direc
    9·1 answer
  • A. Explain why utilitarians might argue that both justice and well-being are intrinsically valuable.
    10·1 answer
  • Please help! <br><br>How can easy access to credit lead to Financial Mistakes and Bankruptcy?
    10·1 answer
  • Straight-Line Depreciation Rates
    8·1 answer
  • What is the difference between a monopolistically competitive demand curve and a perfectly competitive demand curve
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!