If a perfectly competitive business firm is a price taker, then: A. pressure from competing firms will force acceptance of the prevailing market price.
<h3>What is a perfectly competitive market?</h3>
A perfectly competitive market can be defined as a type of market that is typically characterized by many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
<h3>What is a
price taker?</h3>
A price taker can be defined as a business firm that is operating in a perfectly competitive market and is generally required to take the prevailing market price for its homogeneous product.
In this context, we can infer and logically deduce that pressure from other competing business firms would force acceptance of the prevailing market price when a perfectly competitive business firm is a price taker.
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Complete Question:
If a perfectly competitive firm is a price taker, then
A. pressure from competing firms will force acceptance of the prevailing market price.
B. it must be a relatively small player compared to its competitors in the overall market.
C. it can increase or decrease its output without affecting overall quantity supplied in the market.
D. quality differences will be very perceptible and will play a major role in purchasers' decisions.
Answer:
0.35
Explanation:
( 0.45*1 + 0.25*1 ) / 2 = 0.35
The percentage increase of the change in price is gotten as; 48%
<h3>How to calculate percentage price increase?</h3>
We are given;
Old Cost Price = $20
New Cost Price = $9.60
Thus, the increase in price is;
29.60 - 20 = $9.60
The percentage increase is;
Percent increase = (29.60 - 20)/20 * 100%
Percentage Increase = 9.60/20 * 100%
Percentage Increase = 0.48 * 100% = 48%
Complete Question is;
The last time i bought this product , it cost $20.00 but it looks like it cost 29. 60 today? What is the percentage increase?
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There are different ways energy is absorbed. The equation that represents energy being absorbed as a bond is broken is H2 + energy → H + H
Energy is known to be taken in or absorbed so as to break bonds. Bond-breaking is referred to as an endothermic process. In this process, Energy is released when new bonds form. Bond-making is also known to be an exothermic process.
Potential energy is simply known to be the type of energy that is linked to an object's potential to do work.
Chemical energy is known to be the type of energy that is said to be released from the breakdown of chemical bonds.
See full question below
Which equation represents energy being absorbed as a bond is broken?
answer choices
H + H → H2 + energy
H + H + energy → H2
H2 + energy → H + H
H2 → H + H + energy
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