Ask Question
BusinessBusiness
Today, 01:48

True or false: the market for tomatoes does exhibit the two primary characteristics that define perfectly competitive markets.

+4
Answers (1)
  1. Today, 05:17
    0
    True - The tomato exhibits characteristics of a perfectly competitive market. Firstly, it is made up of many buyers and sellers. Secondly, all firms that partake in the trade do not control the market. Instead, they are price takers. As such, they sell tomatoes according to the prevailing market prices per unit of tomatoes. All firms also have a relatively small market share.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “True or false: the market for tomatoes does exhibit the two primary characteristics that define perfectly competitive markets. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Musashi is a 40-year-old autoworker who was laid off from his job 6 months ago. he is frustrated with his inability to find a new full-time position. last week, he took a part-time job but was given only 3 hours of work.
Answers (1)
West Side Medical Supply is in trouble. In the past two years, Fred Schultz, the owner, suddenly lost 26 percent of his business when two drugstores and a local hospital closed.
Answers (1)
Top managers of Marshall Industries predicted 2018 sales of 14,800 units of its product at a unit price of $9.50. Actual sales for the year were 14,600 units at $12 each. Variable costs were budgeted at 2.00 per unit and actual variable cost were $2.
Answers (1)
Alpha Company has assets of $630,000, liabilities of $265,000, and equity of $365,000. It buys office equipment on credit for $90,000. What would be the effects of this transaction on the accounting equation?
Answers (1)
Write an acronymic sentence for the following: Five world capitals in any order: Copenhagen, New Delhi, Warsaw, London, Madrid
Answers (1)
New Questions in Business
merchandise costing 1200 is sold for 2200 on term 2/30, n/60. If the customer pays within the discount period.
Answers (1)
Universal Containers has a private sharing model on Opportunities. The System Administrator has been asked to create a new custom object that will track customer payment information and will link to the Opportunity.
Answers (2)
8. Sam bought a house that costs $500,000. Sam got a 96% LTV loan. The lender demanded that Sam buy private mortgage insurance to insure the portion of the loan over 75% LTV. Suppose 5 years later, Sam's mortgage balance is $400,000.
Answers (1)
Which of the following items represents a document that includes detailed information on when an incident was detected, how impactful the incident was, and how it was remediated, in addition to incident response effectiveness and any identified gaps
Answers (1)
What should be shown directly below the date in a business letter? a. salutation b. return address c. inside address d. name and position of sender
Answers (1)
Home » Business » True or false: the market for tomatoes does exhibit the two primary characteristics that define perfectly competitive markets.
Sign Up Forgot Password?