Ask Question
BusinessBusiness
Today, 15:04

Which of the following is a firm in a perfectly competitive market?

1) a local corn farmer

2) the Tennessee Valley Authority, a large electricity producer that serves areas of five states

3) pizza delivery

4) a grocery store

5) Kate Spade, fashion designer

Compare a perfectly competitive market with a monopolistically competitive market.

+1
Answers (1)
  1. Today, 15:22
    0
    a grocery store

    Answer: Option 4.

    Explanation:

    Perfectly competitive market is a form of market in which the suppliers of the market are not differentiated from each other. In the sense that the firms of this form of market produce goods which are same.

    The prices of the goods, the physical features of the goods like the shape, color, size of the goods are same with each other. They are not different. So these are homogeneous to each other. The clients of this market are not attracted to any particular supplier because all are homogeneous.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following is a firm in a perfectly competitive market? 1) a local corn farmer 2) the Tennessee Valley Authority, a large ...” 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
You have a 12 piece cake, you divide for Vanessa because she says the ran out of lemon loaf at starbucks. Ella gives you 5 pieces because she has dad issues. The meme looks at you in disgrace and hunger. What do you do? a.
Answers (1)
You are considering the purchase of a common stock that paid a dividend of $2.00 yesterday. You expect this stock to have a growth rate of 15 percent for the next 3 years, resulting in dividends of D1=$2.30, D2=$2.645, and D3=$3.04.
Answers (1)
In computing depreciation, salvage value isa. the fair market value of a plant asset on the date of acquisition. b. subtracted from accumulated depreciation to determine the plant asset'sdepreciable cost. c.
Answers (1)
Match each type of tax with an example of its use.
Answers (1)
Elaine is going to hire a listing broker to sell her house, with an estimated price of $200,000. She believes she will be able to negotiate a 5% commission. Based on real estate conventions, A Option A: her broker will get $20,000.
Answers (1)
New Questions in Business
What type of scope is usually best for a small business
Answers (1)
Your company is deciding whether to invest in a new machine. The new machine will increase cash flow by $321,000 per year.
Answers (1)
Consumer confidence has a positive correlation with aggregate demand. As consumer confidence decreases, what will happen to aggregate demand? A. aggregate demand stays the same B. aggregate demand shifts upward C. aggregate demand shifts downward
Answers (1)
Two years ago, Margo deposited $500 into a savings account. One year ago, she deposited an additional $300, and today she deposited $800.
Answers (1)
Assume the following cost of goods sold data for a company: 2018$1417000 20171204000 20161018000 If 2016 is the base year, what is the percentage increase in cost of goods sold from 2016 to 2018
Answers (1)
Home » Business » Which of the following is a firm in a perfectly competitive market? 1) a local corn farmer 2) the Tennessee Valley Authority, a large electricity producer that serves areas of five states 3) pizza delivery 4) a grocery store 5) Kate Spade, fashion
Sign Up Forgot Password?