Under perfect competition, there are _______. a) many firms producing an identical product b) a few
Question:
Under perfect competition, there are _______.
a) many firms producing an identical product
b) a few firms producing an identical product
c) many firms producing a differentiated product
d) a few firms producing a differentiated product
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
The correct answer is a many firms producing an identical ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What joint cost allocation method would you recommend Chicken use?
-
1. How strong are the competitive forces confronting J. Crew in the market for specialty retail? Do a [Michael Porter] five-forces analysis to support your answer. (see chapter 3 in the textfor...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
In FIGURE CP12.88, a 200 g toy car is placed on a narrow 60-cm-diameter track with wheel grooves that keep the car going in a circle. The 1.0 kg track is free to turn on a frictionless, vertical...
-
Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool Co.) on January 1, 2010. The annual reporting period ends December 31. The trial balance on January 1, 2014,...
-
In 1993, Suffolk County, New York, found the presence of mosquito-borne disease for the first time in 75 years. Several deaths have occurred from West Nile Virus and there have been cases of malaria....
-
Why is knowledge of incoterms important to importers and exporters? LO.1
-
At Western University the historical mean of scholarship examination scores for fresh-man applications is 900. A historical population standard deviation = 180 is assumed known. Each year, the...
-
Square Files assets are worth $110. It has $85 of zero-coupon debt outstanding that is due to be repaid at the end of two years. The risk-free interest rate is 5%, and the standard deviation of the...
-
The perfect competitor is _____. a) a price maker rather than a price taker b) a price taker rather than a price maker c) a price taker and a price maker d) neither a price maker nor a price taker
-
Under perfect competition, __________. a) many firms have some influence over price b) a few firms have influence over price c) no firm has any influence over price
-
Explain the characteristics of management fraud.
-
Medical Helicopters In a study of helicopter usage and patient survival, results were obtained from 47,637 patients transported by helicopter and 111,874 patients transported by ground (based on data...
-
On January 1, 20X1, Laketown Company (the user) leased a truck for a seven-year period under a FINANCE LEASE and agreed to pay an annual lease payment of $6,000 at the end of each year. The interest...
-
ces Shouldice Hospital in Canada is widely known for one thing-hernia repair! In fact, that is the only operation it performs, and it performs a great many of them. Over the past two decades this...
-
2. An Annual General Meeting (AGM) is a meeting conducted annually where the members of an organization gather to discuss and vote on key issues. Public companies hold annual general meetings for...
-
The 3 P's of Sustainability refers to: O The groups of people that environmental efforts effect. O People, Planet, Profit O Population, Productivity, Principled None of the Above. Question 21 2...
-
350% of what amount is $1000?
-
In your audit of Garza Company, you find that a physical inventory on December 31, 2012, showed merchandise with a cost of $441,000 was on hand at that date. You also discover the following items...
-
1. Book Pricing: Publishers versus Authors. Consider the problem of setting a price for a book. The marginal cost of production is constant at $20 per book. The publisher knows from experience that...
-
1. Book Pricing: Publishers versus Authors. Consider the problem of setting a price for a book. The marginal cost of production is constant at $20 per book. The publisher knows from experience that...
-
1. Book Pricing: Publishers versus Authors. Consider the problem of setting a price for a book. The marginal cost of production is constant at $20 per book. The publisher knows from experience that...
-
Assignment Title: The Role of Bookkeeping in Business Management and Financial Reporting Objective: Understand the importance of proper bookkeeping procedures in the management of...
-
17) The adjustment that is made to allocate the cost of a building over its expected life is called:A) depreciation expense.B) residual value.C) accumulated depreciation.D) None of the above answers...
-
9) Prepaid Rent is considered to be a(n):A) liability.B) asset.C) contra-asset.D) expense.10) As Prepaid Rent is used, it becomes a(n):A) liability.B) expense. C) contra-asset.D) contra-revenue.11)...
Study smarter with the SolutionInn App