On the basis of the above information we: A. can say that the firm's labor supply curve is upsloping. B. cannot say whether the firm's product market is purely or imperfectly competitive. C. can say that the firm is selling its product in a purely competitive market. D can say that the firm is selling its product in an imperfectly competitive market.

Question

22-11-2022
Business

contestada

On the basis of the above information we: A. can say that the firm's labor supply curve is upsloping. B. cannot say whether the firm's product market is purely or imperfectly competitive. C. can say that the firm is selling its product in a purely competitive market. D can say that the firm is selling its product in an imperfectly competitive market.

Respuesta :

Otras preguntas

Please help! Will give brainliest Megan, Uma, and Ricardo all work for the same car insurance company. Megan is a Sales Agent, Uma is an Underwriter, and Ricard

Regina is a 22-year-old college student who plays on the soccer team. Her coach brought in a registered dietitian to talk about sports nutrition. The RD recomme

Use point slope formula to find the equation perpendicular to y=-2x+9 passing through the points (0,7)

find the area of the parallelogram

Given the lengths of the sides, state if the triangle is acute, obtuse, or right. 9, 36, and 41 This is a(n) blank triangle.

What type of laborers were forced to work against their will? a)convicted laborers b) sharecroppers c) tenant farmers d) people from other countries

Where the oxygen comes from the air (21% O2 and 79% N2). If oxygen is fed from air in excess of the stoichiometric amount required to combust all of the ethanol

Statement: In advance of severe flooding, there is a need to get generators and communications equipment to the Staging Areas to equip advance response teams. I

Dr. Janus is seeing a client diagnosed with depression who experienced abuse as a child. Dr. Janus believes this abuse predisposed the client to overreact to li

What is the y-value of the vertex of the function f(x)=-(x-3)(x+11)

shristiparmar1221 shristiparmar1221 · Answer 1 · 2022-12-02T01:49:30+01:00

The aforementioned data allows us to conclude that the firm is providing its goods in a market that is only competitive. As a result, choice (C) is the accurate approach.

What is a competitive market?

When competition is at its highest level imaginable, a market is said to be competitive. It is also regarded as a perfectly competitive market and has many consumers, uniform products, unrestricted entry, and departure, etc. The market circumstances are perfectly competitive, and no one company has a monopoly.

Businesses will continue to make reasonable profits under the strain of the marketplace while keeping cheap prices under this arrangement. Only in principle does the perfect market structure exist, with all of its desirable qualities.

Hence, option (C) is accurate.

Learn more about a competitive market, from:

brainly.com/question/13686157

#SPJ1