Which of the following is a characteristic of a perfectly competitive market? A. a large number of firms in a market B. selling a standardized product C. no barriers to entry D. all of the above
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following is a characteristic of a perfectly competitive market? A. a large number of firms in a market B. selling a ...” 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
In December 2017, Quebecor Printing received magazine subscriptions for 2018 from a customer, who paid $220 in cash. What would be the appropriate journal entry for this event?
Answers (1)
A company has a beginning inventory of $ 60,000 and purchases during the year of $ 90,000. The beginning inventory consisted of 4,000 units and 9,000 units were purchased during the year. The company has 5,000 units left at yearminusend.
Answers (1)
A small HR consulting business is looking to grow. The leadership team, made up of people with training and more than 20 years of experience each in organizational development and training, is deciding if it will pursue a low-cost strategy or a
Answers (1)
Your college is considering renting space in the student union to one or two commercial textbook stores.
Answers (1)
Shannon wants to work with renewable energy. She is researching what it would take to become a geochemist. A geochemist is someone who uses chemistry to study water and the elements in it.
Answers (2)
New Questions in Business
Teresa has just opened a NOW account that pays 3.50 % interest. If she maintains the account at the required minimum balance of $500 for the next 12 months, how much interest will she earn?
Answers (1)
A new truck is purchased on January 1, 20X6. The truck cost $10,000, has a 5-year life, and a $2,000 residual value. Given a December 31 year-end, and use of the double-declining balance method, how much is 20X9 depreciation expense?
Answers (1)
Delta Motors, an American multinational automaker, was the first company to develop an affordable electric car. Delta Motors aimed to diversify its growth by launching an environment-friendly, affordable electric car.
Answers (2)
Your pension plan is an annuity with a guaranteed return of 4% per year (compounded quarterly). You can afford to put $1,600 per quarter into the fund, and you will work for 40 years before retiring.
Answers (1)
You can choose between two purchases: Machine A or Machine B. Machine A costs $24,000 and has a salvage value of $12,000 after 3 years. Machine B costs $30,000 and has a salvage value of $16,000 after 4 years.
Answers (2)