There are many – in a competitive market. Firms in this market sell very – products, and each firm also has – to the market. Each firm is also considered a price –.

Answers

Answer 1

There are many sellers in a competitive market. Firms in this market sell very similar products, and each firm also has free entry and exit to the market. Each firm is also considered a price taker.

What is a competitive market?

A competitive market is a market where there are buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

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Related Questions

What are the costs of “freebie” items?

Answers

Answer:

The costs of a “freebie” item includes resources to make, a person's labor, and the cost to the store to offer it to us as free.

Explanation:

Answer:theres no cost its a freebie

Explanation:

a car starts from rest and reaches a speed of 20m/s in 5 second what is the acceleration of the car

Answers

Answer:

The car's acceleration is 10 m/[tex]s^{2}[/tex]

Explanation:

The "acceleration" tells you how the velocity's rate changes over a specific period of time.

The formula is: a (acceleration) = [tex]\frac{change in velocity}{change in time}[/tex]

The velocity changed from 0 m/s to 20 m/s while time changed from 0 sec. to 5 sec.

Therefore: a = [tex]\frac{20 m/s}{5 s}[/tex] = 10 m/[tex]s^{2}[/tex] (this refers to the rate at which the car's velocity changed over time)

joshua was having a difficult time meeting that improved schedules and budget what might be the most likely cause

Answers

Answer:

There was a lack of clarity and expectations in the original work plan goals.

Explanation:

When creating a work plan , expectations refers to a realistic set of goal that an organization hope to achieve after implementing the work plan into their operation.

Expectation is very important for the decision maker in determining a couple of things, such as;

- The time needed for the plan to show result. (which will influence things such as meting schedule, determining deadline, etc)

- The amount of resources and workhours that the company need to invest into the plan (which will influence the way budget is designed)

- The standard that should be use to measure company's performance.

Answer:

There was lack of clarity... is the answer

Explanation: I just got all of the answers right thats how i know

Describes at least three resources you have used in the past to find information

Answers

Answer:

1. newspaper

2. books

3. internet

what type of object can ground static

Answers

electronic. Maybe I'm not a hundred percent sure.

Answer: its plastic

this is just extra bc it kept saying my answer was too short

Damaris is a member of AASA. What did she most likely learn from a meeting she recently went to? A professional accountant would be coming to talk to group members about their future careers there is a conference for school principals coming to town she is eligible for a discount to "Architect Digest" magazine they are looking for a new mechanical engineer to become the president of the group

Answers

Answer:

There is a conference for school principals coming to town

Explanation:

Remember, the full meaning of the acronym AASA is the American Association of School Administrators.

Hence, we could more likely conclude that from all the listed options, she most likely learned from such a meeting that there is a conference for school principals coming to town because members of this organization consist mainly of leaders of educational facilities such as principals.

Answer:{: A

Explanation:

I hope you have a great time on  your test.

The public power company is an example of which market structure?
A. Perfect competition
B. Monopolistic competition
C. Oligopoly
D. Monopoly

Answers

Answer:

D. Monopoly

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

Hence, the public power company is an example of a monopoly because they serve as the only power utility provider to the public.

Additionally, a public power company refers to a company that provides power (electricity) utility to the general public of a society.  

Identify 3 duties you would expect an accountant to perform​

Answers

Explanation:

• Examine statements to ensure accuracy.

• Ensure that statements and records comply with laws and regulations.

• Compute taxes owed, prepare tax returns, ensure prompt payment.

- organize and maintain financial records
- improve businesses efficiency where money is concerned
- make best-practices recommendations to management

HELP ME PLZ i’ll give brainliest Greg owns numerous factories that prepares corn syrup for shipment. His team has packed the syrups in thousands of barrels. Which
type of transportation should he use to send these barrels overseas?
a. shipper
B.
bulk cargo
с.
trains
D.
break bulk cargo

Answers

Answer:

B

Explanation:

Benny surveyed a group of individuals from diverse backgrounds regarding his company's latest advertisement. He found that the part that most of the individuals remembered about the advertisement was the joke. Which feature of advertisements have the individuals in bennys survey group depicted ?

Answers

Answer:

B). Ad recall

Explanation:

The 'ad recall' feature of the advertisement is being displayed in Benny's survey group as it aims to evaluate the number of people who remembered the latest advertisement of his company within the two days of the display. The survey primarily aims to check how memorable was their advertisement to the people to check if the advertisement was effective enough and able to create desired impact or not.  Thus, option B is the correct answer.

Answer:

B. ad recall

Explanation:

For all Plato users

What could be an industry I could choose because I’m really confused with this whole thing !!! Please help (this is photography but I put business)

Answers

You could do the fashion industry and talk about labor issues like child labor.

Which of the following is most likely to create a long-term trend? A. Fashion B. Entertainment C. Television shows D. Demographics

Answers

Answer:

I think it's A.fashion

Answer:

D

Explanation:

this is supposed to be the correct answer on Edge

( I put A. on Edge)

GOOD MORNING pls answer this
which phrase best completes the diagram?

Answers

Answer:

A.

Explanation:

I would think A. cuz the others does make much sense. I apologize if its incorrect.

The phrase which best completes the diagram is liability divided among owners. Thus the correct answer is A.

What is a partnership?

When two or more two people come with the objective to manage the operation of a business by making an alliance, by sharing capital for investment and profit or loss of the organization. The collaboration is said to be a partnership.

A corporation refers business organization where the financial investment is done by the shareholders in exchange for some percentage of the ownership or profit of the organization.

Both the cooperation and partnership involve the distribution of liability among the owners. As they are the ones who took operations and management. The liability of the partner is unlimited in a general partnership and limited in a limited partnership whereas corporate owners have limited liability.

Therefore, option A is appropriate.

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Banks use your deposits to make loans to other individuals. true or false

Answers

Answer:

true

Explanation:

.................... mark my answer brainliest if it is right

1) The skills and knowledge a person has acquired through experience and/or
education.
O Human Capital
O Entrepreneurial talents
O Physical Capital
O Perfect competition

Answers

Answer:

O Human Capital

Explanation:

Human capital is an employee's knowledge, skills, and competencies that a company uses in productivity.  It is the attributes of labor that impact production and influence compensation. Human capital is enhanced through education, job training, work experiences, and research.

Human capital is compensated through wages and salaries. Its cost is monetized as labor and is one of the factors of production.


question 3
what is the difference between manufacturing and a cottage industry

Answers

Answer: Simply put, the cottage industry refers to a period of time in which goods for sale were produced on a very small scale, usually in a home. ... The factory system is a term that historians use to refer to the development of centralized factories or mills that produced goods on a mass scale.

Explanation: !!!!!!

Answer:

faster producing and stuff (ap.ex) i forgot the answer that i got right but it goes like that

Explanation:

In functions of business, what is an example of accounting?

Answers

Answer:

A few examples of management accounting reports are aging of accounts receivable, inventory levels, monthly sales and status of accounts payable. Internal accounting reports are also used for the preparation of budgets and forecasts.

Read the factors of production for two businesses: In Case manufactures cases for smart phones, while Wrap It Up is a gift-wrapping service. In Case • $1,500 a month for rented building • Will need two new employees • $2,000 for inventory expenses • $4,500 for equipment expenses Wrap It Up • $1,500 a month for a rented store • Will need five new employees• $1,500 for inventory expenses • $2,500 for equipment expenses Which statement correctly compares the two businesses?

Answers

Answer:

In case is relatively more capital intensive & Wrap it up relatively more labour intensive.

Explanation:

Comparing 'In Case' cases for smart phones & 'Wrap it up' gift wrapping service

In case : 1500 rent, 2 employees, 2000 & 4500 inventory & equipment expenseWrap it up : 1500 rent, 5 employees, 1500 & 2500 inventory & equipment expense

Land fixed cost requirements for both are same. However, In case needs less labour & more inventories, equipment expense. Wrap it up needs more labour, less inventory, equipment expense.

So, In case is relatively more capital intensive & Wrap it up relatively more labour intensive.

Answer:

The correct answer is In Case will require a less costly investment in labor, while Wrap It Up will require less capital in the long term.

Explanation:

Explanation: They are comparing different things but in the same purpose. Which actually makes the comparison valid and correct.

Click on the pic and help plz plz its due in 2 hours plz​

Answers

Answer:

Explanation:

See image for each answer and calculation.

What organizations are formed by Acts of Parliment

Answers

You are here: Home / Non-Profit Fact Sheets / What is an Organisation formed by Royal Charter or by Special Act of Parliament?
What is an Organisation formed by Royal Charter or by Special Act of Parliament?

WRITTEN BY BETTER BOARDS - AUGUST 20, 2013

royal-charter-special-act

When establishing a non-profit organisation, founders can choose from a large range of legal forms. An organisation’s legal structure will determine the types of activities it is legally able to carry out and which government bodies it is required to seek registration from or report to. An organisation formed by royal charter or by special Act of parliament are two possible structures of a non-profit organisation. Find out more about the other types of legal structures here.


Some of the oldest and largest non-profits in Australia take one or other of these legal forms, however, new organisations adopting these structures are now established very rarely.

In the past organisations formed by royal charter were administered by the Prime Minister’s Office, but it now “avoid[s] recommendation of such nonprofit forms”[1]. This form has often been used to incorporate or establish significant organisations. A few examples of these types of organisation are Scouts Australia, The University of Sydney, The University of Tasmania and Engineers Australia.

Organisations formed by special Act of Parliament are established when it is “demonstrated to the government of the day that the organisation is substantial and cannot be accommodated under other incorporating statuses”[2].

Many universities and religious bodies have been incorporated by a special Act of Parliament. The University of Melbourne, The University of Queensland, the National Library of Australia and the National Gallery of Victoria are examples of organisations established through special Act of Parliament.

Organisations conforming within either of these structures are complicated and expensive to establish. They must comply with the specific act or charter relating to their establishment, often called their “constituting documents”.

This fact sheet is intended as a simple overview of non-profit legal forms and terminology. Non-profit law is incredibly complex and there will be many exceptions, restrictions, allowances and important qualifications that are not described above. This fact sheet is not intended and should not be taken as legal advice. In many cases, serious penalties apply to organisations that are found to be lax in fulfilling the requirements of their legal structure. Dedicated legal advice should be sought from a legal practitioner before taking action.

Which of these is not a way of maintaining open communication?

Answers

Answer:

d.Talk only to managers for status reports

Explanation:

Answer:

d

Explanation:


For the following situations, decide whether this is
an example of an informal or formal trade barrier.

A. Law requiring that stores be closed on Sunday

b. Beliefs about not eating certain foods

c. Special tax on the sale of books

d. Required nutritional information on food
packaging

e. Hiring family members when jobs are available
in an organization

Answers

A=formal trade

B= informal trade

C= formal trade

D= informal trade

E= informal trade

Trade is basically the activities of buying and selling of goods both locally and internationally.

Formal trade barrier refers to factors which affect trading activities negatively and are indeed legal. Such barriers include import duties, taxes etc

Informal trade barrier refers to factors which affect trading activities negatively but not from government and they includes transport costs, cumbersome customs practices, regulations, corruption etc

The decision on whether the trade barrier are formal or informal are as follow:

The Law is an example of Formal trade barrier.

Various belief like this is an example of Informal trade barrier.

The special tax imposed on books is an example of Formal trade barrier.

The required nutritional information is an example of Formal trade barrier.

Hiring of family members is an example of Informal trade barrier.

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What do marketers do to achieve satisfying connections?

Answers

Answer:

To achieve satisfying connections, marketers plan where they need to go and how to get there efficiently.

Explanation:

In order to achieve rewarding connections, the marketers plan their goals where they want to go or move towards, set up strategies after dividing the short and long-term objectives to ensure that it is attained effectively and efficiently. The planning helps the organization to analyze and document marketing strategies, defining the target, developing goals, creating adequate marketing campaigns, and construct the appropriate activity plan with guidelines for effective attainment of goals on time.

To achieve satisfying connections marketers make plans for where they need to go and how to get there quickly in order to make rewarding relationships.

The marketers plan their goals, where they want to go or move towards, and put up plans after splitting the short- and long-term aims to guarantee that it is reached successfully and efficiently. This helps them build rewarding relationships.

Planning enables the business to define the objective, design goals, create effective marketing campaigns, assess and record marketing strategies, and construct the necessary activity plan with instructions for successfully achieving goals on schedule.

Thus, marketers make plans to achieve satisfying connections.

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Select the education and qualifications that are most helpful for Human Resources careers. Check all that apply
integrity
long-term planning skills
o communication skills
bachelor's degree
o research skills
creativity
o organizational skills

Answers

Education skills and the qualifications.

These are most helpful for human resource development are given as under. Thee skills involves the use if the analytical and behavioral adjustments in relations to the human capital. Therefore are very essential to have.

Thus answer to HR is planning, research and organization skills.

The skills that are necessary for the careers include the ability to solve problems related to planning and design. HR-related careers may include the generalist and the specialist.  Long-term planning, bachelor's degree, research skills, and organization skills.Hence the option A, C, D, and E are correct.

Learn more about the education and qualifications.

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Answer:

A, C, D, G

Explanation:

other is wrong

PLS I NEED THIS FAST

which piece of legislation granted rights to consumers to protect them from unethical business practices?
a. consumer bill of rights
b. american marketing association code of ethics
c. fair packaging and labeling act
d. united nations consumer protections

Answers

Answer: A.consumer bill of rights

Explanation:

The consumer bill of rights is one piece of legislation that grants customers rights to protect them from unethical commercial activities. Option A is correct.

What is the significance of consumer bill of rights?

The Consumer Bill of Rights protects consumers. Consumers have the right to be informed, the right to select, the right to safety, the right to be heard, the right to have problems remedied, the right to consumer education, and the right to service.

The Consumer's Bill of Rights is intended to make it simple to get and keep utility services. The Consumers' Bill of Rights states that utilities provide essential services that must be made available to all utility consumers on fair and reasonable conditions.

One form of law that offers customers rights to protect them from unethical commercial practices is the consumer bill of rights.  Therefore, option A is correct.

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you purchase a car for 20,000 you made a down payment of 5,000 and took out a loan for the rest. what is the principle balance of the loan

Answers

Answer:

15,000

Explanation:

The principal amount in a loan is the amount borrowed. It is the amount from which interest is calculated. When repaying a loan, the full principal amount and the interest must be paid.

The car is valued at 20,000. A deposit of 5000 is paid. the principal amount in the loan is 15,000. (20,000 - 5000)

Match these items. Match the items in the left column to the items in the right column. 1. accounting cost money value of a good or service that is charged to the customer 2. alternative relating to money 3. monetary option 4. opportunity cost happiness; satisfaction 5. retail price value of all the alternatives given up 6. trade-off value of the best alternative given up 7. utility cost of producing a good or service

Answers

Answer:

Follows are the solution to this question:

Explanation:

Please find the attached file.

goods are the products businesses use to produce other goods.

Next

Answers

Answer:

so whats your question

Explanation:

lol what is question

HELP NOW PLEASE

Someone who buys a song online and copies it for friends is violating

privacy rights.
ethical rights.
appropriate Internet use.
intellectual property rights.

Answers

Answer:

intellectual property rights.

Explanation:

Intellectual property rights are the exclusive rights granted to a person for the use of their creation. The rights give a person a monopoly to profit from their invention or production for a specified duration. Intellectual property rights are granted through copyrights, trademarks, and patents.

Buying a song online and copying it to friends denies the musician revenues. Those friends will be get entertained through the efforts of the musician without paying.

Identify 3 skills you would expect an accountant to have.

Answers

Answer:

1. Strong written and oral communication.

2. Critical thinking

3. Analytical and problem solving skills

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