suppose the market for apples is perfectly competitive. the first graph depicts the supply and demand curves for the market for
apples. the second graph represents an individual apple grower. graph the demand curve the individual grower faces by placing the endpoints of the firm demand curve in the correct locations.
A perfectly competitive market is a market where there are many buyers and sellers of identical goods. The price of a good is determined by market forces. This means that price is determined at the intersection of the demand curve and supply curve for a good.
If a seller attempts to set the price for his good, the demand for his good will fall to zero as consumers would patronise other sellers who sell identical goods at a cheaper price. This means that the demand for goods in a perfectly competitive firm is perfectly elastic. Thus, the demand curve is horizontal.
D) It invests heavily in advertising and brand building.
Explanation:
One of the greatest step to take in establishing a strong presence in the market place is putting in great efforts towards innovative advertising and ensuring one's brand is built strong, that way, there is established trust and consumers will stay faithful to your brand.
A petition for relief through an individual's repayment plan is a document filled out asking to pay off a debt by making small individual payments stretched out over a specific period of time, and can only be filled by the debtor and accepted by the creditors. Therefore it can only be filled out by Petunia.
<span>The income from a C corporation owned by a retirement fund is taxed twice: once at the corporate level and another time at the retirees' level. The retirement fund isn't taxed on the earnings received, but those earnings are taxed to the retirees when they receive the benefits.</span>
