Answered step by step

Verified Expert Solution

Link Copied!

Question

...

1 Approved Answer

Posted on Jun 13, 2024

in perfect competition, 'firms are price taker'. With help of an example, explain how firms in perfect competition are price takers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Business Ethics

Authors: Peter A. Stanwick, Sarah D. Stanwick

3rd Edition

9781506303239

Students also viewed these Economics questions

Question

If the VIF for Networth in the regression of Exercise 11 was 20.83, what would the be from the regression of Networth on Age, Income and Past Spending?

Answered: 1 week ago

Question

★★★★★

Kruger Associates is considering a substantial investment in the stock of McIntyre Enterprises. McIntyre currently (time 0) pays a dividend of $1.50 per share. This dividend is expected to grow at 15...

Answered: 1 week ago

Question

★★★★★

A city transfers $5 million from the general fund to the capital improvements fund. How would each fund record the transaction? a. Expenditure for general fund and revenue from other sources for the...

Answered: 1 week ago

Question

★★★★★

Case : Karl and June Monroe

Answered: 1 week ago

Question

★★★★★

How do leaders adeptly orchestrate cross-functional synergy, leveraging diverse expertise and perspectives to catalyze innovation and drive transformative initiatives within complex organizational...

Answered: 1 week ago

Question

★★★★★

1.) On May 22, 2010, Nicanor bought house and lot valued at Php 10,000,000 paying 20% down-payment with the balance payable in 10 years. On September 30, 2019, Nicanor died. The fair market value at...

Answered: 1 week ago

Question

★★★★★

Tasks: 1. Using the above provided IP address and your learnings from class, configure the topology. 2. Please retain the interface names and IP addresses for network namespaces as shown in topology....

Answered: 1 week ago

Question

★★★★★

For a picnic, Julie brings a cylindrical cooler jug filled with cold lemonade. She also brings paper cone cups in which to serve the lemonade. 30 cm 50 cm 6 cm 10 cm Given the dimensions of the jug...

Answered: 1 week ago

Question

★★★★★

1 . 1 . From the RedPharm data, determine: a . . The average number of customer arrivals for each hour Time Block Average per Time Block 7:00-8:00 11.87 8:00-9:00 11.96 9:00-10:00 12.27 10:00-11:00...

Answered: 1 week ago

Question

★★★★★

accounting 2 unit 6 quiz Ames Corporation's net accounts receivable were $750,000 on December 31, 20X1, and $1,250,000 on December 31, 20X2. Net cash sales for 20X2 were $3,300,000. The accounts...

Answered: 1 week ago

Question

★★★★★

Mr Rabbit, Mr Bear and Mr Fox go to town. A new bakery has just opened, and in an attempt to attract awareness, it is offering free unlimited samples of its chocolate chip cookies. However, the free...

Answered: 1 week ago

Previous Question Next Question