All categories

1 year ago

True or false: the market for tomatoes does exhibit the two primary characteristics that define perfectly competitive markets.

2 answers:

8 0

True - The tomato exhibits characteristics of a perfectly competitive market. Firstly, it is made up of many buyers and sellers. Secondly, all firms that partake in the trade do not control the market. Instead, they are price takers. As such, they sell tomatoes according to the prevailing market prices per unit of tomatoes. All firms also have a relatively small market share.

Alinara [238K]1 year ago

7 0

It is true!

Further Explanation:

The tomato exhibits characteristics of a perfectly competitive market:

It is comprised of numerous purchasers and merchants.

All organizations that share in the exchange don't control the market.

Rather, they are value takers. in that capacity, they sell tomatoes as indicated by the overarching business sector costs per unit of tomatoes. all organizations likewise have a moderately little piece of the pie.

perfectly competitive market:

In a perfectly competitive market, different organizations enter the market effectively without hindrances and sell indistinguishable items. They approach to perfect learning, and nobody firm can control the market.

perfectly competitive market mean:

A perfectly focused firm is a value taker, which implies that it must acknowledge the harmony cost at which it sells products. Immaculate challenge happens when there are numerous merchants, there is simple passage and leaving of firms, items are indistinguishable starting with one dealer then onto the next, and venders are value takers.

Case of a perfectly competitive market::

A perfectly competitive market mean is a theoretical outrageous; in any case, makers in various enterprises do confront numerous contender firms selling exceptionally comparative merchandise; thus, they should frequently go about as value takers. Business analysts regularly utilize farming markets for instance of impeccable challenge.

Subject: business

Level: college

Keywords: The tomato exhibits characteristics of a perfectly competitive market, perfectly competitive market, Case of a perfectly competitive market.

Learn more about evolution on:

brainly.com/question/4513662

brainly.com/question/10855426

You might be interested in

Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $400. The fund wa

Sergio [31]

Answer:

A credit to Cash of $299

Explanation:

Journal Entry Debit Credit

Merchandise inventory $62

Delivery charges $46

Office supplies $30

Miscellaneous expenses $51

Cash over and short $100

Cash $299

Cash to be reimbursed = Minimum cash balance required - Cash balance left

Cash to be reimbursed = $500 - $201

Cash to be reimbursed = $299

7 0

2 years ago

President Chris Zane mentions that employees' performance is not evaluated every six months or every year as in many organizatio

dsp73

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Discuss failures of individuals of the company

b) Establish performance standards as a group

c) Measure, evaluate and take corrective action

d) Correct employees' actions by berating and celebrating

e) Cross-train employees

And the correct answer is the option C: measure, evaluate and take corrective action.

Explanation:

To begin with, when it comes to terms of control regarding the inside structure of an organization, the managers use different processes and techniques to take on that job of controlling the employes of the company in order to see how everything is going. In the case of Chris Zane, as he wants to do a control every week, then he is absolutely interesting in evaluating and measuring the improvements of every one inside the business so in that way he can take action in time to correct something if it is not going as planned. And that is the main reason why he would use a controlling process where he needs to have everything going as planned.

3 0

1 year ago

Mark is a senior manager at a leather manufacturing company. He sets unrealistic goals for the factory workers, and he often mak

crimeas [40]

Answer:

The authority compliance style

Explanation:

The authority compliance style is one of the Blake / Mouton leadership grips where the manager believes that the employees are just a form of means to achieving a goal . As a result of this , the set goals are given more priority over the employees.

Employees under this managerial form of leadership are not motivated as they are forced to work towards achieving the managers goals with in a very stringent condition.

8 0

2 years ago

Read 2 more answers

The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account

pentagon [3]

Answer:

The Accounting Equation is: Assets = Liabilities + Stockholders' Equity. Thus, we will see how each transaction affects liabilities, assets, or, stockholders' equity.

a. Provide services to customers on account for $32,000.

Service revenue: $32,000 to stockholders equity.

Accounts receivable: $32,000 to assets.

b. Receive cash of $24,000 from customers in (a) above.

Cash: $24,000 to assets.

Accounts Receivable: ($24,000) to assets.

c. Purchase bike equipment by signing a note with the bank for $17,000.

Equipment: $17,000 to assets.

Accounts payable: $17,000 to liabilities.

d. Pay utilities of $3,200 for the current month.

Uitlities expense: ($3,200) to stockholders equity.

Cash: ($3,200) to assets.

5 0

2 years ago

Pun Corporation concluded the fair value of Slender Company was $60,000 and paid that amount to acquire its net assets. Slender

Lady_Fox [76]

Answer:

Investment on Slender 51,000

Goodwill 9,000

fees expense 4,000

Cash 64,000

Explanation:

fair value of Slender:

71,000 - 20,000 = 51,000

purchase price 60,000

goodwil 9,000

finder's fees 4,000

It will recognize the goodwill for Slender

it will pay the finder's and recognize them as expense

The total cash will be 60,000 to aquire Slender and the 4,000 finder's expense

3 0

1 year ago