Business, 21.04.2020 23:50 bm42400

If a Florida strawberry wholesaler operates in a perfectly competitive market, that wholesaler will have a share of the market, and consumers will consider her strawberries to be . Therefore, advertising will take place in this market.

Answers: 2

Show answers

Answers

Answer from: jesuscruzm2020

small,

standardized

little, if any

Explanation:

A perfectly competitive market form is characterized by the following:

Large number of buyers and sellers: The number of sellers is so large that the output of a single seller is insignificant w.r.t the total industry output.Homogeneous products: Firms produce exactly similar or homogeneous products w.r.t color, size or attributes.Free entry and exit: There are no entry barriers so new firms can join the industry while loss making firms exit the industry.Price takers: Since all sellers offer same products, the price is determined by the interaction of market forces of demand and supply and thus each firm represents a price taker.Perfect knowledge on part of buyers

In the given case, since the strawberry wholsaler operates in a perfectly competitive market, she will have small and insignificant share of the market which means she cannot influence the price individually.

Also since all sellers sell the same product i.e strawberry, consumers will consider her strawberries to be standardized and there is little scope of advertising.

Answer from: Quest

Ithink b hope that

Answer from: Quest

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7. customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

Another question on Business

Business, 21.06.2019 20:50

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning

Answers: 2

Answer

Business, 22.06.2019 05:10

The total value of your portfolio is $10,000: $3,000 of it is invested in stock a and the remainder invested in stock b. stock a has a beta of 0.8; stock b has a beta of 1.2. the risk premium on the market portfolio is 8%; the risk-free rate is 2%. additional information on stocks a and b is provided below. return in each state state probability of state stock a stock b excellent 15% 15% 5% normal 50% 9% 7% poor 35% -15% 10% what are each stock’s expected return and the standard deviation? what are the expected return and the standard deviation of your portfolio? what is the beta of your portfolio? using capm, what is the expected return on the portfolio? given your answer above, would you buy, sell, or hold the portfolio?

Answers: 1

Answer

Business, 22.06.2019 06:30

Select all that apply. what do opponents of minimum wage believe are the results of minimum wage? increases personal income results in job shortages causes unemployment raises prices of goods

Answers: 1

Answer

Business, 22.06.2019 08:30

In risk management, what does risk control include? a. risk identification b. risk analysis c. risk prioritization d. risk management planning e. risk elimination need this answer now : (

Answers: 3

Answer

You know the right answer?

If a Florida strawberry wholesaler operates in a perfectly competitive market, that wholesaler will...

Questions

Business, 03.09.2019 16:10

Determine the missing amounts in each of the following four independent scenarios: a. x co. had a $4,700 beginning balance in accounts payable on jan...

Business, 03.09.2019 16:10

On march 31, jumbo purchases 100% of larz for $7,500,000 cash and 2,200,000 shares of jumbo voting common stock (par value of $1). jumbo's stock had a...

Business, 03.09.2019 16:10

For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. if the error...