True or False A firm in a competitive market can change the market price by changing its own production level.

Answers

Answer 1

Answer:

Answer:

false

Explanation:

False, in a competitive market firms are price takers, production decisions by an individual firm will not affect the market price.

Answer 2

Answer:

Final answer:

False, An individual firm in a competitive market cannot change the market price by altering its own production level. This is because in a competitive market, firms are price takers and their individual production does not significantly sway the market supply.

Explanation:

The statement 'A firm in a competitive market can change the market price by changing its own production level' is False. In a highly competitive market, individual firms are price takers, meaning they have no control over the market price. Changes in their own production levels do not affect the market price because such changes are relatively small compared to the total market supply. For instance, even if one firm decides to drastically cut production, the market price won't change significantly because there are many other firms in the market capable of filling the supply gap.

Learn more about Competitive Market here:

brainly.com/question/33444453

#SPJ11

Related Questions

Which of the following statements is false? Multiple Choice Cost drivers are often selected based on the availability of information. Volume measures are good drivers for fixed overhead costs. Fixed costs that do not have a definitive cost driver are allocated using an allocation base that distributes a rational share of the cost to each product. Both direct and indirect costs can be assigned to a cost object.
A(n) _____________________ is a statement that describes how an organization collects, maintains, and uses information provided by and about its customers or end users, including sales of information to third parties.
Peter Adams, an entrepreneur, decided to start a new technology venture. As he needed servers and computers for his company, he decided to order these from a local vendor who was offering attractive discounts. In this instance, Peter ________.A) faces a new task situationB) faces a modified rebuy situationC) is most likely to benefit the most from reverse auctionD) faces the need for product differentiationE) plans to attract customers by offering products at below-market prices
In recording an accounting transaction in a double-entry systema.the number of debit accounts must equal the number of credit accounts.b.there must always be entries made on both sides of the accounting equation.c.the amount of the debits must equal the amount of the credits.d.there must only be two accounts affected by any transaction.
T or F: Advertising and marketing do not affect consumer demand and decision making

Investing in several types of securitiesa. reduces safety.
c. increases liquidity.
b. reduces risk.
d. increases marketability. Please select the best answer from the choices provided

Answers

Investing in several types of securities B.) REDUCES RISK.

For example: You have $1,000 and you have the option to invest it in government securities, stocks, mutual funds.

You decided to invest in these three securities. In the event that any of the security becomes worthless, there are still two remaining securities that are earning you a return on investment. You may have suffered a loss but not totally.

Had you chosen to invest the whole amount to only one security and if said security becomes worthless, the whole $1000 will be lost.

Thus, investing in several types of securities reduces risk.

George, a regional manager for a global corporation, is meeting with several upset managers from the Rome plant about Steve, who is originally from Florida but moved to Italy to manage the Rome facility. Phillipe, the assistant manager, tells George, "We all feel that Steve sees things only one way—his—and very seldom considers our perspective on things." Steve is employing a ______ management style

Answers

Answer: Parochial

Explanation: A style of management in which the manager having decision authority considers every situation only from his or her own perspective is called Parochial management style. The parochial mangers are the one with illiberal thinking they only considers the situation on the pros and cons related to themselves.

In the above case study, as per the description of the assistant, we can conclude that Steve is a parochial manager.

The main economic influence that determines prices is: the stock market. interest rates. government spending. supply and demand.

Answers

The correct answer is : Supply and demand

a Product's price will most likely to increase if more consumers demanded that product.And a product's price will most likely to drop if no one want it.

A product's price will increase if only a few people could supply it (which mean that it's hard to obtain) , and a product's price will decrease if it could be obtain easily ( a lot of people could supply it)

A person, other than a collecting bank or other intermediary, who negotiates a document of title for value:a. warrants to her immediate purchaser that the document is genuine.
b. warrants to all who later take the document that it is genuine.
c. warrants that nothing impairs the document's validity or worth.
d. makes no warranties.

Answers

A person, other than a collecting bank or other intermediary, who negotiates a document of title for value: c. warrants that nothing impairs the document's validity or worth.

About Documents validity

A person who negotiates a document of title for value is essentially transferring ownership of the document to another party. In doing so, they are making a warranty that nothing impairs the document's validity or worth. This means that the document is free from any defects or issues that could affect its value or legitimacy.

This warranty is important because it protects the purchaser from any potential issues with the document that could arise after the transfer of ownership.

It is important to note that the person negotiating the document of title does not make any warranties regarding the document's genuineness (option a and b) or make no warranties at all (option d). The only warranty they make is regarding the document's validity and worth.

Learn more about validity at

brainly.com/question/13012369

#SPJ11

In recent years ecotourism _____

Answers

Answer:

Has become very popular, and is also a cause of messing up natural habitats.

Explanation:

Which stage of the selling process deals with the actual point of sale where the customer agrees to buy? Which stage relates to the post-sale interaction with the customer?The _______ A.approach B.closing C. pre-approach stage relates to the point where the customer actually agrees to buy. The _______ A.overcoming objections B.follow-up C.presentation stage relates to the post-sale interaction with the customer.

Answers

The correct answer is B; Closing and B; Follow up.

Further Explanation:

When a realtor has gotten to the stage where the deal is done and the actual point when the customer agrees to purchase the property is the closing. During the closing, the papers and contracts will be drawn up and signed. The mortgage company will transfer the money and all inspections and title searches will be performed.

The state that relates to the post-sale interaction is called the follow-up. A good realtor will always want to follow up with the family. This can help to get the realtor more customers by having good reviews by word of mouth and written reviews. Realtors will usually purchase a gift for the new homeowners and follow-up to make sure everything is going well in the new home and there is no issues occurring.

Learn more about the closing process at brainly.com/question/13322199

#LearnwithBrainly

Other Questions

This member of the construction crew stands above all the crew chiefs and answers only to the director, the designers, and the budget office. He or she also coordinates, schedules, and engineers the technical elements of the production 1. Stage Manager 2. Scenic designer 3. Artistic Director 4. Technical Director

A major premise of a socialist system is?

Two benefits of a cloud-based system are ____ and ____. A. Offline storage; easy etiquette B. Data backup; online meetings C. Video conferencing; social media D. Data backup; collaboration

The money one makes is not necessarily the money one takes home. This income represents your salary before taxes are taken out of it.-W-2 form-FICA-Gross income-Net income-W-4 form