Cathedral6995 Cathedral6995

Today at 3:26 AM
Business

Answered

In competitive markets, which of the following is not correct? Group of answer choices No individual buyer can influence the market price. Some sellers can set prices. Firms produce identical products. Buyers are price takers.

Answer :

ewomazinoade ewomazinoade

Today at 3:31 AM

Answer:

Some sellers can set prices

Explanation:

Characteristics of competitive firms:

1. All sellers are price takers. No seller can influence market price.

2. All buyers are price takers

3. Forces of demand and supply determine market price.

4. All products are homogenous

5. There are no barriers to entry or exist of firms

6. There is perfect information

Answer Link

Other Questions

For each of the salts on the left, match the salts on the right that can be compared directly, using Ksp values, to estimate solubilities. (If more than one sal

At 1000 K the Kc value for the following reaction is 1.5 × 10⁶ (1) N₂O₄ (g) ⇌ 2 NO₂ (g) At 1000 K the Kc value for the following reaction is 1.4 × 10⁻¹⁰ (2) N₂

A decreasing-cost industry will have Group of answer choices a perfectly elastic long-run supply curve. a perfectly inelastic long-run supply curve. an upward s

Which of the following is most likely to be an observation made by an anatomist?

Ask Your Teacher A piece of wire is bent through an angle θ. The bent wire is partially submerged in carbon disulfide (index of refraction n = 1.628) so that, t

What is the value of the expression below? 64 1 / 3 64^{1 /

2. The ratio of width to height of an image on screen is known asa. cropb. aspect ratioc. image ratiod. none of these

02Which of the following is/are rational number(s)?1)-21 \over 25II) 11 2 \over 3III) 23.58IV) 61 \over 5.21.only 12.only I and II3.only I, II and IV4.all - I,

When metals react with water,they form metal hydroxide and hydrogen.But when they react with steam they form metal oxide and hydrogen.So, my ques. is that both

23.In the figure, if PO II RS, then find c in terms of a and b.

Tonsils are to the throat as are to the small intestine.

A pair of sneakers originally cost $200 but it was on sale for $160. What percent of the discount was given?

Which of the following character types would best support Vonnegut’s critique of America’s idealized view of equality? Round and dynamic Flat and static Dynamic

im really confused, some help will be appreciated. Please help

Read the excerpt from the text of Antigone. Then, in one well-developed paragraph, make inferences about what kind of man Creon is. Explain how his words reveal

Would personality traits be like the color of your hair or like responsible?

Tom bought a soft drink for $4.00 and 7 candy bars. He spent a total of $18.00. Howmuch did each candy bar cost?

how do the circular folds in the small intestine allow more surface area for digestion

Whether an existing business process is being improved or a completely new business process is being created, the first step in the Six Sigma approach is to A.

The judgments that make up self- are among the most important aspects of self-development because they affect our emotional experiences, future behavior, and lo