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.
Answer:
6 feet
Explanation:
If you're asking how long each piece is it will be 6 feet.
12 divided by 2 is 6.
Answer:
My dad left me at a young age, therefore its 69
Explanation:
The measures give the description of the shape and the whisker plot from the data. The median is always placed in the middle of the center.
<h3>What is a graph?</h3>
A graph is the diagrammatical representation of the data or information set that are illustrated in the form of vertical and horizontal coordinates.
The data given shows:
- Mean = 39,500
- Median = 20000
- Mode = 23000
- Minimum = 15,000
- Maximum = 255000
The whisker plot and the box shape are attached as an image below.
From the image, it can be seen that whiskers are at the right and left of the box, and the box initiates from the lower quartile to the upper quartile.
The median of the data is at the middle, the maximum is at the end of the right whisker, and the minimum is at the end of the left whisker.
Learn more about the whisker plot here:
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Answer:
ANSWER: No; the angles are not the same, so the polygons do not have the same shape, so there are no similarity transformations between the figures. List all pairs of congruent angles, and write a proportion that relates the corresponding sides for each pair of similar polygons.
