The following are attributes of only a competitive market:
price taker
identical products
The following is not an attribute of either markets: few sellers
The following is an attribute of both markets: price is equal to marginal cost
<h3>What is a
competitive market?</h3>
A competitive market is characterized by many buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply. So, buyers and sellers are price takers There are no barriers to entry or exit of firms into the industry.
<h3>What is a monopolistically competitive market?</h3>
A monopolistic competition is when there are many firms selling differentiated products in an industry. The demand curve is downward sloping. it sets the price for its goods and services.
To learn more about monopolistic competition, please check: brainly.com/question/21052250
Answer:
A. $100 is the correct answer.
Explanation:
Answer:
Solving for the Percent by Volume
The v/v concentration of acetic acid in the stop bath is 24.6%.
Explanation:
To answer the question, we need to identify certain information stated in the question. Let us write down what’s given:
Volume of solute = 160 mL
Volume of solution = 650 mL
Next, we need to determine what is required, in this case, the percent by volume. Now, let us look at the formula:
v/v concentration = (solute volume / volume of the solution) * 100
Solution:
Percent by Volume = (160 / 650) * 100
Percent by Volume = 0.2461538461538462 * 100
Percent by Volume = 24.61538461538462
Rounded off = 24.6%
Therefore, the final answer is 24.6%
Explanation:
The ways Jeremy can use math and science in his career are:
- Perform scientific research.
- In the evaluations and analyzes, he makes of his data collection.
