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Efficiency comes about in perfectly competitive free markets when?
-Firms are motivated to invest resources in industries with a high consumer demand and move away from industries where demand is low. -Firms are encouraged firms to minimize the resources they consume to produce a commodity and to use the most efficient technologies. -Commodities are distributed among buyers such that buyers receive the most satisfying commodities they can purchase, given what is available to them and the amount they have to spend. Answer: All the Above
Why high marketing cost of farm commodities?
because of 1) long marketing channels 2) paricibility of the commodity 3) need in daily use of commodity among common peapole
What would provide the best evidence that a commodity is being produced under conditions of perfect competition?
The best evidence that a commodity is being produced under conditions of perfect competition includes the presence of a large number of buyers and sellers, ensuring no single entity can influence the market price. Additionally, the products must be homogeneous, meaning they are identical and interchangeable among producers. Finally, there should be free entry and exit in the market, allowing firms to enter or leave without barriers, which maintains a competitive environment.
The name for the rivalry among buyers and sellers in the purchase and sale of resources is called?
The rivalry among buyers and sellers in the purchase and sale of resources is called "market competition." This competition drives pricing, quality, and innovation as buyers seek the best deals while sellers aim to attract customers. It plays a crucial role in determining how resources are allocated in an economy. Overall, market competition helps to enhance efficiency and consumer choice.
How scarcity can affect property values?
Scarcity can significantly increase property values as limited supply often leads to higher demand. When there are fewer properties available in a desirable area, buyers may be willing to pay more, driving up prices. Additionally, scarcity can create a sense of urgency among buyers, further intensifying competition and pushing values higher. Conversely, if a property is abundant in a particular market, its value may decrease due to oversupply.
What of the following must be true in order for a good to be considered for sale in the commodity market?
It's in a raw state in uniform among producers
What factor among the following would lead to an increase in the momentum of a photon?
The factor that would lead to an increase in the momentum of a photon is an increase in its frequency.
Why does competition among buyers result in higher prices for product?
Buyers compete for the same product by raising what they are willing to pay.
Which among the following international sports body had unveiled an anti corruption committee to enhance credibility and increase transparency?
Fifa
Efficiency comes about in perfectly competitive free markets when?
-Firms are motivated to invest resources in industries with a high consumer demand and move away from industries where demand is low. -Firms are encouraged firms to minimize the resources they consume to produce a commodity and to use the most efficient technologies. -Commodities are distributed among buyers such that buyers receive the most satisfying commodities they can purchase, given what is available to them and the amount they have to spend. Answer: All the Above
Why high marketing cost of farm commodities?
because of 1) long marketing channels 2) paricibility of the commodity 3) need in daily use of commodity among common peapole
Which interval among the following is the most dissonant?
The tritone interval is the most dissonant among the following options.
Because labor is a commodity wages are affected by what?
SUPPLY AND DEMAND for particular skills or work quality, among other factors.
Which choice has a negative charge among the following options?
The choice with a negative charge among the following options is the electron.
Who among the following is associated with the resurgence of political theory?
(nothing following)
Which condition increases prices and allocates goods and services to people who pay the most for them?
increased competition among buyers
Which conditions increased prices and allocations goods and services to people who pay the most for them?
increased competition among buyers
