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sweet-ann [11.9K]
3 years ago
11

An industry comprised of a very large number of sellers producing a standardized product is known as:

Business
1 answer:
mash [69]3 years ago
5 0

Answer:

The appropriate response is "Pure competition".

Explanation:

  • Pure competition seems to be an economically efficient circumstance where there is already a massive quantity of international customers and retailers as well as the manufacturer would be ready for deployment.
  • Even though both a significant quantity of products as well as extremely similar or defined consumer items seem to be characteristics of pure competition.
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e-lub [12.9K]

Answer:

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Explanation:

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7 0
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In capitalism, most businesses have a profit motive. Describe at least one reason that businesses with a profit motive may be he
klemol [59]
Even though that particular business have the motive of increasing profit there would be a lot of benefits that the society will get such as...
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A bad side of such business could be  the monopoly power, if there is no company that produces similar good or service they tend to abuse the consumers by increasing the price of the goods and services they provide as there are no other firms that provide similar goods or services.

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For example, in the high end segment analysis on the left, total demand is 2554 and next years growth rate is 16.2% next years d
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Answer:

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= 2967.748

= 2968

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