A seller in a competitive market can:
a. sell all it wants at the going price, so it has no reason to charge less.
b. influence the market price by adjusting his output.
c. influence the profits earned by competing firms by adjusting his output.
d. All of the above are correct.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A seller in a competitive market can: a. sell all it wants at the going price, so it has no reason to charge less. b. influence the market ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Suppose there are two labor markets in a perfectly competitive industry; one regulated by the minimum wage and one not (not all firms have to follow a federally mandated minimum wage). Draw two graphs in equilibrium without regulation.
Answers (1)
Investors willing to pay the full face amount for bonds that pay a lower contract rate of interest than the rate they could earn on similar bonds (market rate). True / False.
Answers (1)
The accountant for Watson Electrical Repair, Inc. failed to make an adjusting entry to record $5,000 of unpaid salaries for the last two weeks of the year. Which of the following statements is true? Select one: A.
Answers (1)
Gayle's divorce was final last year. during the first year after the divorce, gayle spent every evening after work in a singles bar. she had several casual affairs. gayle can be characterized as a (n) :
Answers (1)
Brooks Flooring is a national supplier of all types of flooring. Their biggest customer is Jenkins Construction Company. On July 8, 2016, Brooks Flooring purchased 100 shares of Jenkins stock.
Answers (1)
New Questions in Business
If a country imposes a tariff on imported shoes, we expect the domestic price of shoes to ... And the quantity of shoes consumed in the domestic market to ... a.) Fall; rise b.) Fall; fall c.) Rise; fall d.) Rise; rise
Answers (1)
James hayes owns 510 shares of ohio utility preferred stock. if this preferred stock issue pays $3.50 per share, what is the total dollar amount mr. hayes will receive in one year?
Answers (1)
On behalf of Digital Cable Company, Ed signs an instrument in which he promises to deliver I, 000 feet of optic fiber cable to First Internet Bank on March l. This instrument is a. negotiable. b.
Answers (2)
Suppose that a tax is placed on books. if the sellers pay the majority of the tax, then we know that the
Answers (1)
Your firm is a U. K.-based exporter of bicycles. You have sold an order to a Swiss firm for SFr. 1,000,000 worth of bicycles. Payment from the Swiss firm (in Swiss francs) is due in 12 months.
Answers (1)