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stira [4]
3 years ago
14

what occurs when the free market is not able to allocate resources and goods and services efficiently​

Business
1 answer:
lutik1710 [3]3 years ago
6 0

Answer: Market failure

Explanation:

When the free market is not able to allocate resources and goods and services efficiently​, this situation is referred to as market failure.

Market failure brings about disequilibrium in the market as the quantity supplied and the quantity demanded aren't in equilibrium anymore as there's market distortion. It takes place when the quantity of good. The distortion may be as a result of monopoly power.

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Answer:

<h2>In this case,the answer would be option D. or It can be a source of competitive advantage for a period of time.</h2>

Explanation:

  • In Production Economics,any organizational input in the production process can provide competitive advantage to any firm or company for a sustainable period of time only if it provides commercial or economic value to the firm or company,it is unique and it cannot be completely imitable or substituted through other equivalent resource/s by other market competitors.
  • Therefore,if any organization resource or input is easily imitated then it cannot ensure long term or sustainable competitive advantage for any firm or company in the market.
  • However,it can provide some temporary market advantage or competitive edge to any particular firm or company until the time it is fully imitated and implemented by its competitors or rivals.
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Parenting.

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False.

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Now, finding plantwide factory overhead rate.

Formula; Plantwide factory overhead rate= \frac{total\ budgeted\ factory\ overhead\ costs }{plantwide\ allocation\ base.}

⇒ Plantwide factory overhead rate= \frac{600000}{100000} = \$ 6 per\ hours

Hence, Zorn´s plantwide factory overhead rate is $6 per hour not $3 per hour.

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TRADE OFFER<br> I receive laugh you receive points
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