sumansmith2821 sumansmith2821
  • 14-11-2019
  • Business
contestada

Both buyers and sellers are price takers in a perfectly competitive market because

Respuesta :

amirmeeka
amirmeeka amirmeeka
  • 14-11-2019

Answer:

The price is determined by government intervention and dictated to buyers anti sellers each buyer and teller knows it it illegal to conspire to affect price.

Explanation:

A perfectly competitive firm is a price taker, which implies that it must acknowledge the equilibrium price at which it sells products. In the event that a perfectly competitive firm attempts to charge even a modest sum more than the market price, it will be not able make any sales.

Answer Link

Otras preguntas

Complete the square to transform the quadratic equation into the form (x – p)2 = q. x2 - 8x - 10 = 18
Show work and explain with formulas.10. Find the sum (see picture).11. Find the sum of the geometric series: a_2 = -36, a_5 = 972, n = 712. Find the first term:
Tu (ir) al cine. (2 points)
Someone please answer these two questions!!!
Hey,can someone help me please
one out of 3 students carpool to school. how many students out of 20 carpool?
What is the ratio of x to y? 4x = 5y 1/4 5/4 4/5 1/5
Determine two pairs of polar coordinates for the point (5, -5) with 0° ≤ θ < 360°.
(c) calculate an interval that includes at least 99% of the cadences in the population distribution using a confidence level of 95%. (round your answers to four
Employees at a company are given a three digit employee identification code. If each digit cannot be repeated, how many different codes are possible?