Ask Question
BusinessBusiness
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
You Might be Interested in
This type of skid occurs when too much steering input is applied by the motorist for a given speed resulting in the front wheels skidding forward, regardless of additional steering inputs by the motorist a.) Oversteer b.
Answers (1)
If the government institutes a 10 minimum wage what will happen to the number of people
Answers (1)
Mary Beth is a supervisor of a unit consisting of four employees--Cheryl, Susan, Fred and Michael. Financial hardship dictates that the organization has to downsize its operations and Mary Beth has to let two of her employees go.
Answers (1)
A technological improvement in producing good A would cause: a. a movement upward and to the right along the supply curve for A. b. a shift to the right of the supply curve for A. c. a shift to the left of the supply curve for A. d.
Answers (1)
Samantha has holdings of 260 troy ounces of platinum, currently valued at $ 810 dollars per ounce. She estimates that the price of platinum will rise to $ 850.50 per ounce in the next year.
Answers (1)
New Questions in Business
Marginal analysis involves comparing the additional or extra benefit derived from consuming an additional unit of a product or service to the additional cost of consuming that unit of the product or service. A. True B. False
Answers (1)
Discount-Mart issues $10 million in bonds on January 1, 2012. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds.
Answers (1)
Available"" (as in ""measurable and available"") means 1. Available to finance expenditures of the current period 2. Subject to accrual 3. Collectible 4. Available for appropriation
Answers (1)
Which of the following is reported as a financing activity in the statement of cash flows? Multiple Choice The payment of interest on bonds payable. The receipt of dividend revenue. The acquisition of stock for the purpose of retiring it.
Answers (1)
Which one of the following is true concerning manufacturing and merchandising companies' inventories? Entry field with incorrect answer The balance sheet for both types of companies reports one category for inventories.
Answers (1)
Home » Business » Compare transnet with a perfect competitor in terms of price, output and profit
Sign Up Forgot Password?