Ask Question
13 September, 07:06

Compare transnet with a perfect competitor in terms of price, output and profit

+3
Answers (1)
  1. 13 September, 09:15
    0
    Transnet SOC Ltd is a rail, port, and pipeline company in Johannesburg.

    Price: This company is a price maker, therefore, in terms of price, Transnet perfect compitetor is a price taker.

    Output: Transnet has the ability to decide the quantity of their output and they have many competitors on this one.

    Profit: Transnet might be able to increase their profit but in a competition it would be hard because customers might switch to the competitor.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Compare transnet with a perfect competitor in terms of price, output and profit ...” 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