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.
Resource Mobilization Theory states that for
''any social movement to move forward, you need a core team of professionals activists who manage all the resources of the organization such as fundraising, media viability, organization management, lobbying etc in order to move towards the common goal of the movement''
According to the theory, people are rational beings who have certain problems and grievances with the system. Only by weighing in the costs and benefits of a particular movement do people support a cause and work for it.
Also, every social movement is goal-oriented and there is a certain mission that everyone tries to achieve.
A well developed and administrated mobilization of resources will achieve maximum impact.
Answer:
An atomic element is one that exists in nature with a single atom as the basic unit.
Answer:
answer is quantitative .
Explanation:
Quantitative observations are made with instruments such as rulers, balances, graduated cylinders, beakers, and thermometers. These results are measurable.
Answer:
the place of origin of Arc is unknown