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almond37 [142]
2 years ago
14

Ework Which of the following is not a reason perfect competition is a useful simplification, despite the diversity of market typ

es we find in the world? O a. Perfectly competitive markets are the easiest to analyze because everyone participating in the market takes the price as given by market conditions. O b. Some degree of competition is present in most markets.c. there are many buyers and sellers in all types of markets. d.many of the lessons that we learn by studying supply and demand under perfect competition apply in more complicated markets as well.
​
Business
1 answer:
cluponka [151]2 years ago
8 0

There are different kinds of market. The option that is not a reason perfect competition is a useful simplification, despite the diversity of market types we find in the world is that;

  • There are many buyers and many sellers in all types of markets.

<h3>What leads to perfect competition?</h3>

Firms are known to be in perfect competition due to;

  • When many firms produce identical products.
  • When there are plenty buyers available to buy the product, and and also plenty sellers are available to sell the product, etc.

Firms are said to be in perfect competition when a lot of firms produce the same type of products and also these firms can do business in the market without any kind of restrictions.

Learn more about perfect competition from

brainly.com/question/1051446

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Suppose the production of long-distance airline flights is described by a fixed proportion production process in which three cre
Elina [12.6K]

Answer:

production at this point is technically inefficient.

Explanation:

Efficient production processes requires a producer to either minimise the inputs they are using at a given output or maximise output level at a given input level.

Technical inefficiency is when input is not minimised or output maximised.

In the given instance the fixed cost (airplane) remains unchanged. However crew members can be variable.

If the airplane only requires 3 crew members and 4 crew members are now used, the company is not minimising inputs used so they are technically inefficient.

3 0
3 years ago
Which accurately describes full-service brokers?
Margaret [11]

<u>Answer: </u>Option C provide advice to buying and selling stocks

<u>Explanation:</u>

A full service broker possesses a license to perform his job. He offers services such as advice, research and planning tips for the clients. Full service broker charges a commission which are generally high as they provide various services.

The service provided by full service broker is customized for the consumers based on their needs. If the client requires a stock broker or financial advisor they are assigned to  them each individually. The investment plan and wealth management can be done through full service broker.

8 0
4 years ago
At the beginning of the conversation, norio wants to discuss sushi with michael, but michael is more interested in getting the c
d1i1m1o1n [39]

Based on global management, it seems Michael was not cognizant of Norio coming from a <u>high-context culture</u>.

<h3>What is global management?</h3>

Global management can be defined as an international business practice in which a business organization (company) utilizes its employees (management team) and resources to carry out its business on an international level.

<h3>What is a high-context culture?</h3>

A high-context culture can be defined as a type of cultural communication in which the people focuses on underlying context and situational cues, meaning, nonverbal cues, and tone of a message, rather than just the words themselves when communicating with others.

In this context, we can reasonably infer and logically deduce that it seems Michael was not cognizant of Norio coming from a high-context culture because he is exhibiting low-context culture characteristics, by being more interested in signing a contract.

Read more on high-context culture here: brainly.com/question/17438233

#SPJ1

Complete Question:

At the beginning of the conversation, Norio wanted to discuss sushi with Michael, but Michael is more interested in getting the contract signed. Based on what you've learned about global management, it seems Michael was not cognizant of Norio coming from a ______.

3 0
2 years ago
Written communications fall into two categories: paper-based and electronic. Which of the following are paper-based messages? Ch
Harman [31]

Answer:

The correct answer is letter "B" and "C": Business letters; Interoffice memos.

Explanation:

Paper-based communications are means of transmitting information presented on paper. It is implemented in formal cases where there must be written support of a proposal or notification about the course of actions that will be taken in front of a claim case or problem, for instance. <em>Business letters </em>and<em> interoffice memos </em>fall under this category.

Electronic communication can be used at the corporate level as well but it has a certain degree of informality. <em>Instant messages</em> or <em>e-mails </em>are used to transmit different kinds of information within a firm.

5 0
3 years ago
Sol purchased land as an investment on February 12, 2018 for $85,000. On January 31, 2019, Sol sold the land for $90,000 cash. W
photoshop1234 [79]

Answer:

c)Short term capital gain.

Explanation:

Since in the question it is mentioned that the land is purchased by Sol as on Feb 12,2018 for $85,000 and the land was sold by Sol as on Jan 31, 2019 for $90,000 in cash

So as we can see the difference in the purchase date and sale date would be less than one year and the transactions related to the capital assets would be termed as capital gain

Since it is less than one year so it is a short term capital gain

Hence, the correct option is c.

7 0
3 years ago
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