In a perfectly competitive market, all producers sell very different goods or services. additionally, there are many buyers and sellers. because of these two characteristics, both buyers and sellers in perfectly competitive markets are pricemakers. true or false: the market for public utilities, like gas and electricity, does not exhibit the two primary characteristics that define perfectly competitive markets.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In a perfectly competitive market, all producers sell very different goods or services. additionally, there are many buyers and sellers. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The gross earnings of the factory workers for Larkin Company during the month of January are $73,000. The employer's payroll taxes for the factory payroll are $9,200. The fringe benefits to be paid by the employer on this payroll are $6,200.
Answers (1)
if you pay for a car using cash which of the following incentives would give you the lowest total cost? A. cash back offer B. regular APR financing C. balloon payment D. special APR financing
Answers (1)
If the cpi increases from 250 to 275 for one year, the rate of inflation for that year is
Answers (1)
Describe the organization that you wish to analyze. State its commodity, business model, target market, specialization, product differentiation, pricing strategy, and market share.
Answers (1)
What most likely will happen if the pie maker continues to make additional pies? the marginal costs will continue to rise, increasing the total cost, while the marginal revenue remains the same, decreasing the profit.
Answers (2)
New Questions in Business
If products A and B are complements and the price of B decreases, the A. demand curves for both A and B will shift to the left. B. amount of B purchased will increase, but the demand curve for A will not shift. C.
Answers (1)
Fran has a job involved with controlling the flow of oil through a series of pipelines at the refinery. As a part of his work, he needs to interpret diagrams, levels, and readings from gauges.
Answers (1)
Choose the appropriate stage of the venture life cycle in which the following activities would occur. Transition from one-person leadership to team management leadership New-product development Search for capital Increased competition Venture
Answers (1)
According to the International Monetary Fund, a perennial challenge facing all of the world's countries, regardless of their level of economic development, is achieving financial stability, economic growth, and higher living standards.
Answers (1)
Round Hammer is comparing two different capital structures: An all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 155,000 shares of stock outstanding.
Answers (1)