What is true of a perfectly competitive market?

A. The conditions do not exist in reality.

B The problem of scarcity does not exist.

C. The market share varies by firm.

D. There are significant barriers to entry.

Your daughter is excited that you will be coming to her school for career day to talk about what you do professionally. however, she wants to know a little more about what you do before you speak to her class.

under what circumstance might you receive a text refund from the IRS?

Excess capacity refers to the: A) amount by which actual production falls short of the minimum ATC output. B) fact that entry barriers artificially reduce the number of firms in an industry.

Heather is sixteen but looks much older. she goes into a jewelry store and buys a diamond bracelet with the money she has been saving for college. if heather realizes a year later that it was unwise to spend the money on the bracelet, she: a.

If the individual who has personally established a brokerage relationship with a buyer or seller is unavailable to attend a closing, and selects another licensee to attend the closing, who is responsible for the accuracy of the closing and the

A consulting firm has a predetermined overhead rate of $120 per labor hour. The Smith job required 5 hours to compete. The overhead cost applied to this job is $

Loren and Kendra enter into a contract for the distribution of Loren's produce to local restaurants for which he agrees to pay Kendra. Kendra transfers her right to payment under the contract to County Bank. This transfer is a. an alienation b.

Clara, at age 47, decided to adopt a child on her own because she tired of waiting around for "mr. Right" to come along. She decided to move on with her life. Clara is an example of a (n) :

Sandusky Company borrowed $28,000 from the Lakeside Bank by issuing a 10% three-year installment note. Sandusky agreed to repay the principal and interest by making annual payments in the amount of $11,259.21.

Some discount stores put products in large bins and let consumers hunt and find bargains. The price these consumers pay includes: a. the time the product was full price and didn't sell b. the value of their time and energy c.