Perfectly competitive firms: a. are individually able to influence the market price. b. can influence the prices of other firms in the same industry by altering their own prices. c. are price takers, since they are not large enough to influence the market price. d. will succeed by charging a price higher than that charged by the rest of the market.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Perfectly competitive firms: a. are individually able to influence the market price. b. can influence the prices of other firms in the same ...” 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
Which of the following personal leadership competencies refers to the ability to stay healthy in both work and play, demonstrating the importance of being ready to implement leadership competencies when needed? a. Courageb. Accountabilityc.
Answers (1)
PA4. LO 5.3During March, the following costs were charged to the manufacturing department: $14,886 for materials; $14,656 for labor; and $13,820 for manufacturing overhead.
Answers (1)
Which of the following would cause a trust to be treated as a complex trust for income tax purposes for the current tax year? A. The trust requires that an amount equal to accounting income be distributed to the trust's income beneficiary B.
Answers (1)
Why is it said that not all the new jobs created by fdi represent net additions in employment? because of the uncertainty of the overall economic environment because jobs created by an investment may be offset by the jobs lost in domestic companies
Answers (1)
The following data is available for BOX Corporation at December 31, 2014:Common stock, par $10 (authorized 30,000 shares) $250,000Treasury stock (at cost $15 per share) $ 1,200Based on the data, how many shares of common stock are issued? a. 30,000.
Answers (1)
New Questions in Business
The sequencing of activities is often based upon dependencies between the activities. The dependencies that should guide activity sequencing can be either: a. critical or non-critical b. opportunities or threats c.
Answers (1)
Under this Act, you have the right to see the credit history maintained by a credit bureau about you, and under certain conditions they must provide you with a copy of your report free of charge. A. Fair Credit Reporting Act B.
Answers (1)
Explain how consumer and producer surplus affect economic well-being. When the price of a good or service is - enough, it will encourage consumers to buy. However, the price also has to be - enough to encourage producers to sell.
Answers (1)
A small town has few available workers, and unemployment is low. A family-owned restaurant in town has just had a very good year in profits and would like to hire additional wait staff to meet higher demand.
Answers (1)
Railway Cabooses just paid its annual dividend of $3.90 per share. The company has been reducing the dividends by 12.4 percent each year.
Answers (1)