In order for a confession to be acceptable in court, it must be freely and voluntarily given.
A confession is defined as a voluntary admittance, proclamation, or acknowledgment (created verbally or in writing) by an individual the one has dedicated a crime or a misdemeanor asserting that they dedicated the misconduct/displeasure or participated in an allure commission. Under the 14th Amendment of the U.S. Constitution, the rules of a government demand that all confessions obtained for one lawman must be willing.
Voluntary false confessions are likely outside some external pressure from the lawman. Most often, the public voluntarily makes use of the police station and caution the lawman that they have dedicated misdeeds reported on video or in newspapers. Voluntary dishonest assertions occur for various reasons.
To know more about confession refer to: https://brainly.com/question/6068608
#SPJ4
mike sold equipment he is no longer using in his business at a loss of $4,000, and he sold investments at a loss of $8,000. mike had no other sales of property in the current year. what are the tax implications
In the current year, deduct the $4,000 loss on equipment and the remaining $3,000 loss on investments. The leftover investment loss is carried over to the next year.
Equipment definition and examplesA business might benefit from equipment throughout a number of years of use because it is a tangible long-term asset. Equipment includes things like computers, automobiles, and manufacturing machinery. They differ from intangible assets (like patents, trademarks, or copyrights) in that they have a physical form, making them palpable.
Which investments do you refer to?A purchase made with the intention of earning money or gaining notoriety is referred to as an investment. An economic outlook defines an investment as the acquisition of products that are not consumed right away but will be used to create wealth down the road.
Which four sorts of investments are there?investments for growth.
Shares.
Property.
securing investments
Cash.
To Know more about current year
https://brainly.com/question/28132691
#SPJ4
what are checkable deposits? multiple choice question. claims that depositors have against the assets of the bank claims that the bank has against the assets of fed claims that banks have against the assets of depositors claims that the fed has against the assets of the bank
Checkable deposit claims that depositors have against the assets of the bank. Thus, option 'A' is the correct option.
What are Checkable Deposits?Any demand deposit account for which checks or drafts of any sort may be drawn is referred to as having checkable deposits in the technical sense. (The owner of a demand deposit account has the right to immediately, notice fewer withdrawals of funds.) The most liquid accounts available to consumers are checkable deposit accounts.
They also include any sort of negotiable draft, such as a Super NOW account or a negotiable order of withdrawal (NOW). (Withdrawing funds from NOW accounts may be subject to a seven-day written notification requirement, however, this is seldom necessary.)
Learn more about Checkable Deposits, here:
https://brainly.com/question/13083761
#SPJ1
in analyzing a market area, an appraiser finds that most of the residents are middle-aged, and some are empty-nesters. this would typically mean
A market area is examined by an appraiser, who discovers that the majority of the locals are middle-aged and some are empty-nesters. Typically, this would indicate that there is a need for more expensive residences.
What is market analysis?A thorough evaluation of a market within a particular industry is called a market analysis. You will research the market dynamics, including volume and value, possible client segments, purchasing trends, rivalry, and other crucial elements.Surveys, interviews, focus groups, and consumer observation are four popular forms of market research methodologies.An appraiser investigates a market region and finds that most of the residents are middle-aged and others are empty-nesters. Typically, this would mean that more expensive homes are required.Therefore, a market area is examined by an appraiser, who discovers that the majority of the locals are middle-aged and some are empty-nesters. Typically, this would indicate that there is a need for more expensive residences.
Know more about the market analysis here:
https://brainly.com/question/17246850
#SPJ4
the employment relationship is a contractual relationship between what parties? (check all that apply.) multiple select question.
Answer:
Employer and employee
Explanation:
The notion of an employee-employer relationship refers to the relationship that exists between employers and employees during work. Managers and subordinates depend on one another to create results that are advantageous to the company. Therefore, there needs to be a solid connection between the two.
Both employees and employers must respect each other and should communicate freely to maintain healthy relationships. the employer must recognize and appreciate the efforts put forth by the employee which would help the employee to be motivated and put extra effort into work. The employer must draw a line between personal and professional relationships or it might lead to partiality in the workplace. Maintaining a good employee and employer relationship can help in the development of the firm as well as the professional growth of the employee.
let's say you have an investor with an noi of $40,000 and a debt service of $30,000. what is your investor's debt service ratio?
The investor's debt service ratio is 1.33.
To get the debt service ratio, divide the net operating income by the debt service
= $40,000/$30,000
= 1.33.
The capitalization price is calculated with the aid of dividing a property's net operating earnings with the aid of the modern market fee. This ratio, expressed as a percent, is an estimation of an investor's capability return on actual property investment.
Taxes, insurance, management expenses, maintenance, utilities, and reserves. Charges used to calculate NOI are Taxes, insurance, control prices, renovation, utilities, and reserves.
Learn more about ratio here https://brainly.com/question/13513438
#SPJ4
a retail chain hires a company to design and install a computer network that would allow each store in the chain to check the inventory of others in the chain for customer-requested items. the retail chain purchased which kind of business products? multiple choice installations supply materials component parts accessory equipment industrial services
The correct answer is industrial services.
The provision of services to businesses and end users is a function of the service industries, more technically known as the "tertiary sector of industry" by economists. These include accountancy, trades (such as plumber or mechanic services), computer services, dining establishments, travel, etc.
While primary industries are those that dig minerals, oil, etc. from the ground and secondary industries are those that manufacture things, including builders but excluding remodeling contractors, industry is one where no items are produced.
Those industries that do not directly produce tangible things are known as service industries (such as agriculture and manufacturing). The supply chain is the process through which items generated in the agricultural and manufacturing sectors are delivered to final customers. Some service industries involved in this process include transportation, wholesale trade, and retail trade.
To know more about the 'industrial services' related questions
visit- https://brainly.com/question/18310687
#SPJ4
which of the following factors does not directly impact the level of interest rates? risk marketability maturity cost of producing and distributing new currency
The cost of manufacturing and distributing new money has no direct impact on interest rates.
The interest rate is the amount a lender charges a borrower and is expressed as a percentage of the principal—the amount loaned. An interest rate can also be used to the amount earned at a bank or credit union from a savings account or certificate of deposit. The interest rate is the amount that a lender charges a borrower on top of the principal for the use of assets. An interest rate is also applied to the amount earned from a deposit account at a bank or credit union. The majority of mortgages employ basic interest. However, some loans use compound interest, which is charged not just to the principal but also to the accrued interest from previous periods.
Learn more about manufacturing here
https://brainly.com/question/13740503
#SPJ4
Which of the following is an example of successful corporate branding?
A. A company's logo is memorable
O B. A company's logo colors stand out
O C. A company is a leader in fast food
D. A company's tagline gets your attentionp
Answer:
a company logo colour must stand out
Answer:
c
Explanation:
because im awesome
in order to cater to local tastes and culinary traditions, a well-known restaurant chain offers customized versions of its menu in different countries. this is an example of a(n) strategy.
In order to cater to local tastes and culinary traditions, a well-known restaurant chain offers general versions of its menu in different countries. This is an example of a multi-domestic strategy.
What is strategy?A strategy refers to a general plan for achieving one under uncertain circumstances. In the sense of "the art of the general", which includes some subset of skills including military tactics, siege warfare, logistics, etc., the term came into use in Byzantine parlance in the 6th century AD and was translated into the West. Indigenous languages until the 6th century AD in the 18th century. From then until the twentieth century, the term "strategy" was used in military conflicts in which both adversaries interacted, "in a dialectic of the will, a holistic attempt to pursue a political objective, including the threat or actual use of force." Strategy is important because the resources available to reach your goals are usually limited. Strategy generally involves setting goals and priorities, identifying actions to achieve goals, and mobilizing resources to carry out actions. Strategy describes how to achieve a goal using means. Strategy can be intentional or can emerge as patterns of activity as an organization adapts or competes in its environment.Includes activities such as strategic planning and strategic thinkingTo learn more about strategy from the given link :
https://brainly.com/question/15860574
#SPJ4
in 2010, americans had about outstanding in credit card debts not paid on time. group of answer choices $900 billion $90 billion $900 million $90 million
In 2010, Americans had about $900 billion outstanding in credit card debts not paid on time.
Revolving credit card loans result in credit card debt, a category of unsecured liability. Credit card debt can be racked up by borrowers by opening numerous accounts with various terms and credit limits. Credit bureaus will report and monitor every credit card account a borrower has. Credit card debt typically makes up the majority of a borrower's outstanding debt because these accounts are revolving and perpetually open.
Credit card debt, in general, is the total amount of unpaid balances that many borrowers carry over from month to month. Borrowers looking to make purchases with future payments postponed may find credit card debt useful.
Learn more about Credit card, here
https://brainly.com/question/25698951
#SPJ4
management teams are similar to work teams because they focus on the accomplishment of core operational-level production and service tasks. require only part-time commitment from members. participate in managerial-level tasks that affect the entire organization. require a lot of input from members with different types of training and expertise. are designed to be relatively permanent.
Parallel teams are composed of individuals from a number jobs who furnish guidelines to managers about vital problems that run "parallel" to the organization's production process.
Which of the five elements that have an effect on crew effectiveness is the most important?In order of importance, these five factors are: psychological safety, dependability, shape and clarity, that means and impact. Let's smash these down. Let's start with psychological safety, which is the variety one factor that influences group effectiveness.
Why measurement of groups is one of the important factors that should affect the crew effectiveness?The cause the measurement is so necessary that it is the center of attention of research research has to do with processes and outcomes. Too few human beings and the team may additionally not have adequate assets or skills. Too many humans and communication becomes extra challenging.
Learn more about management team here:
https://brainly.com/question/1276995#SPJ421) lmn mutual insurance company has total liabilities of $300 million. the company has total assets of $380 million. what is lmn's policyholders' surplus?
$80 million is LMN's policyholders' surplus because Surplus = Assets - Liabilities = 380 - 300 = $80million.
A mutual insurance company is an insurance company that is entirely owned by its policyholders. Any profits made by a mutual insurance company are either retained entirely inside the company, rebated to policyholders in the form of dividend payments, or used to reduce future rates. The company's owners are also its customers. As a result, they are entitled to a share of the profits made by the joint company.
The three primary advantages of mutual insurers are customer focus, stable ownership, and the capacity to receive dividends free from Wall Street influences.
To learn more about Mutual insurance visit: https://brainly.com/question/7465532
#SPJ4
james is a manager from tennessee working at a tech support center in india. he is a firm believer in the minimum wage and treating employees fairly. yet he sees his assistant manager firing one employee and hiring his neighbor at a lower rate. james confronts his assistant manager, claiming this behavior isn't consistent with home-country standards. which philosophical approach to ethics does james represent? multiple choice question. naive immoralist utilitarianism cultural relativism righteous moralist
Utilitarianism is the philosophical approach James represent in the given situation.
What is Utilitarianism?Utilitarianism is a philosophical theory that favors actions that promote happiness and pleasure and rejects actions that cause unhappiness and harm. When oriented toward making social, economic, or political decisions, utilitarianism philosophy aims at improving society as a whole. Utilitarianism is an ethical theory that distinguishes between good and evil by focusing on outcomes. Utilitarianism holds that the most philosophical choice is the one that produces the greatest profit for the greatest number. For example, there is the utilitarian idea that when choosing your own ice cream, you should choose the flavor that gives you the most pleasure. For those who love chocolate and hate vanilla, choose chocolate for its pleasure and avoid vanilla for the resentment it causes.To learn more about Utilitarianism from the given link :
https://brainly.com/question/29313132
#SPJ4
the most expensive loans are available from: multiple choice friends. parents. credit unions. finance companies. federal savings banks.
The most expensive loans are available from finance companies, retailers, and from credit card companies. That is the only true answer.
The process of forming judgements about what could happen in the future and which actions are worth your investment is called.
Answer:
It is called Justifying
how does a cartel enforcer respond to cheating by a smaller member, in a way that will preserve maximum profits for the cartel?
Cartels are competitors in the same industry and seek to reduce that competition by controlling the price in agreement with one another. Tactics used by cartels include reduction of supply, price-fixing, collusive bidding, and market carving.
A cartel is a bunch of freelance market participants who collude with associate degreeother} so as to boost their profits and dominate the market. pools are typically associations within the same sphere of business, and therefore an alliance of rivals.
Most jurisdictions think about it as anti-competitive behavior and have illegal such practices. Cartel behavior includes price fixing, bid rigging, and reductions in output. The belief in political economy that analyzes cartels is cartel theory. Cartels are distinguished from other varieties of collusion or anti-competitive organization such as corporate mergers.
Learn more about Cartels here
https://brainly.com/question/8515693
#SPJ4
When can we conceptually isolate the strength of the evidence from the prior probability of the theory?.
Whether we make observations first, or form our hypotheses first.
Before hypotheses may be made or experiments can be done, one have to first word and think about some kind of phenomenon happening.
The clinical approach is used whilst one does not realize why or how something is occurring and desires to uncover the solution.
A hypothesis is a statement that may be tested with the aid of scientific research. in case you need to check a relationship between or greater variables, you need to write hypotheses before you start your experiment or records collection.
Learn more about hypotheses here: https://brainly.com/question/11555274
#SPJ4
the marginal revenue of the nth box of flash cards sold is dollars. find the revenue generated by selling boxes 101 through 1000.
The marginal revenue generated by selling boxes 101 through 1000 is 5.0 percent.
Marginal revenue is the increase in sales due to the sale of additional units of production. Marginal revenue may remain constant for a given level of output, but will eventually decrease as output level increases, following the law of diminishing returns.
Marginal revenue is the money a company earns for each additional sale. In other words, it determines how much money a company makes from selling another product. For example, if a baker sells an additional loaf of bread for $2, his marginal income is also $2 for him.
Learn more about Marginal revenue https://brainly.com/question/27373306
#SPJ4
melvin is moving his small business from his basement to an office building now that he has five full-time employees. what type of enterprise ap should he choose when setting up the new office's wlan?
When configuring the WLAN at the new workplace, Melvin ought to select Fat AP.
What is Fat AP?An access point (AP) in wireless local area networks (WLANs) with enough program logic and processing capacity to enforce access and use regulations on its own, independent of a centralized controller. (A fat AP, for instance, might take data from a RADIUS server.)
Everything is contained within a fat wireless access point. It must manage clients who are wireless. In the event that the end-user installations multiple Fat Wireless Access Points, each one must be configured separately.
Learn more about Fat AP, from:
brainly.com/question/15137625
#SPJ1
as a promotion technique, samples are often used for new products when _________ will influence the diffusion of the product.
Samples are frequently utilized as a promotion tactic for new items, where trialability will impact product dissemination.
What is the meaning of promotion technique?Promotional methods are used by businesses to market, promote, and sell their products. Elements such as product kind, marketing budget, target demography, and so on influence a company's promotional approach.
The ease or simplicity with which customers may test a product or service is characterized as trialability. This is especially beneficial when new and innovative items are introduced. Customers will need to sample it before purchasing, and if they have a positive experience, it will increase product sales.
If a product has good trialability outcomes, the consumers who completed the trials will market the product for the firm, resulting in increased product dispersion.
Learn more about promotion here:
https://brainly.com/question/2775263
#SPJ1
flagstaff company has budgeted production units of 9,600 for july and 9,800 for august. the direct materials requirement per unit is 3 ounces (oz.). the company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 30% of the units of budgeted production in the following month. there was 8,640 ounces of direct material in inventory at the start of july. the total cost of direct materials purchases for the july direct materials budget, assuming the materials cost $1.10 per ounce, is:
The total cost of direct materials purchases for the July direct materials budget, assuming the materials cost $1.10 per ounce, is $31,878. Thus, option A is correct.
What is the market?"Market can be defined as a place where the individual, industry or a firm make their transaction that can be buying or selling of products or about rendering services. With the help of this they earn money. "
The cost that can be incurred is the price that the person needs to pay. Direct material to be bought:
= 9,600 x 3 + 30% x (9,800 x 3) - 8,640
= 28,800 + 8,820 - 8,640
= 28,980 * 1.10
= 31,878
Therefore, option A is the correct option.
Learn more about market, here:
https://brainly.com/question/17284274
#SPJ1
The question is incomplete, the complete question will be:
There were 8,640 ounces of direct material in inventory at the start of July. The total cost of direct materials purchases for the July direct materials budget, assuming the materials cost $1.10 per ounce, is:
$31,878.
$22,176.
$31,680.
$41,382.
$31,482.
true or false? advertising, public relations, and campaigns are best described as the promotion component of the marketing mix.
The statement is True. Advertising, public relations, and campaigns are best described as the promotion component of the marketing mix.
A marketing mix includes a couple of regions of focus as a part of a comprehensive marketing plan. The term regularly refers to a not unusual category that commenced as the four PlayStation: product, charge, placement, and merchandising. Effective advertising and marketing touch on an extensive range of areas as opposed to fixating on one message.
Facilitates recognizing what your services or products can offer to your customers. Helps plan a successful product presentation. Helps with making plans, and developing and executing effective advertising techniques. Allows groups to employ their strengths and keep away from pointless costs.
The advertising mix is the set of controllable, tactical marketing gear that an enterprise makes use of to provide the desired response from its goal marketplace. It includes everything that a business enterprise can do to steer demand for its product. It is also a tool to help to advertise making plans and execution.
Learn more about marketing mix here https://brainly.com/question/859394
#SPJ4
coyote loco, inc., a distributor of salsa, has the following historical collection pattern for its credit sales. 70 percent collected in the month of sale. 15 percent collected in the first month after sale. 10 percent collected in the second month after sale. 4 percent collected in the third month after sale. 1 percent uncollectible. the sales on account have been budgeted for the last seven months as follows: june $ 49,000 july 60,000 august 70,000 september 80,000 october 90,000 november 100,000 december 85,000 required: 1. compute the estimated total cash collections during october from credit sales. 2. compute the estimated total cash collections during the fourth quarter from sales made on account during the fourth quarter.
The estimated total cash collections during October from credit sales is 218,360. The fourth quarter sales made on account during the fourth quarter is 595,000.
What are sales?Sales can be defined as the part were some goods or commodities are being sold to a consumer or a buyer.
In October, 70% of sales are collected.
The total credit sales is = 70% of 233,000 = 163,100.
In October, 15% of September sales will be recovered. 15% of 208,000 equals 31,200
In October, 10% of August sales are recovered. 10% of 179,000 is 17,900
In October, 4% of July sales are recovered. 4% of 154,000 equals 6,160
Total
= 163,100 + 31,200 + 17,900 + 6,160
= $218,360
(b) 4th quarter will be the month of October, November, and December
September: 233,000 (70% collected in October, 15% in November, and 10% in December).
= 70%+15%+10%
= 95% will be gathered in the fourth quarter
95% of 233,000
= 221,350
November sales: 258,000 (70% in Nov, 15% in December).
Total = 85%.
85% of a total of 258,000
= 219,300
December sales: $220,500 (70% will be collected in December)
= 70% of 220,500 = 154,350
Total collected amount:
= 221,350 + 219,300 + 154,350 = 595,000
Learn more about sales, here:
https://brainly.com/question/15375944
#SPJ1
is used to rank a company's products to determine which products represent the best use of the firm's resources, or, perhaps, to determine which products are to be eliminated.
The product-through-price analysis is used to rank an employer's products to determine which products constitute the satisfactory use of the firm's assets, or, possibly, to determine which products are to be eliminated.
Product via cost analysis is a tool used in cost accounting in corporations with a variety of products. The analysis lists all merchandise in order of declining in line with the unit contribution margin and includes the whole contribution margin generated by each product.
A product fee is a gain that a customer gets via the use of a product to fulfill their desires, minus related costs.
Learn more about the product here
https://brainly.com/question/25922327
#SPJ4
The product-by-value analysis is used to rank a company's, assembly drawing lists the operations necessary to produce the component: is used to rank a company's products to determine.
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal, or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
Companies are the plural version of the word company. You will use this form of the word when you are referring to more than one company. It can be easy to think that the proper plural spelling of company is company's, but since it ends with a Y, the company is an exception.
Learn more about the company here:
#SPJ4
amber is the director of marketing at her company. what best describes her role?
Formal role is the best describes her role. As amber is the director of marketing at her company.
What is Formal role?Formal roles are the externally visible, unambiguously assigned positions that are associated with particular duties and are frequently assigned in accordance with each person's position or aptitude. Members of a team will regularly do unofficial tasks that are more dependent on their personalities than on their knowledge or position.
These are a part of your formal duties as, for example, a trustee, team leader, volunteer at a charity store, or fundraiser because they are a part of your job description. Consider the "formal" component to be what you generally do or what you believe is needed of you if you didn't use employment or volunteer experience as your example.
Thus, it is Formal role.
For more information about Formal role, click here:
https://brainly.com/question/7180414
#SPJ1
which of the following should a retailer implement in its retail format to reduce markdowns? multiple choice question. sell merchandise to other retailers at a deep-discounted price. purchase merchandise in large quantities. create a feeling of product scarcity among customers. seldom change the displayed products on the selling floor.
Retailers should create a feeling of product scarcity among customers to reduce markdowns.
In advertising, a product is an object, or system, or service made available for consumer use as of the patron demand; it is whatever that can be offered to a marketplace to satisfy the desire or want of a customer.[1] In retailing, products are often called merchandise, and in production, merchandise are sold as raw materials after which offered as finished items. A carrier is also regarded as a form of product. Commodities are usually uncooked materials consisting of metals and agricultural merchandise, but a commodity also can be anything extensively available within the open marketplace. In undertaking management, products are the formal definition of the challenge deliverables that make up or make contributions to delivering the objectives of the undertaking. A associated idea is that of a sub-product, a secondary but useful end result of a production technique.
Learn more about product
https://brainly.com/question/25922327
#SPJ4
the two types of imperfectly competitive markets are a. monopolistic competition and cartels. b. monopolistic competition and oligopoly. c. monopoly and monopolistic competition. d. monopoly and oligopoly.
When there is imperfect competition, market structures such as monopolies and oligopolies exist.
Monopolies are defined as single seller or producer who prohibits competitors from selling the same product. A monopoly can impose price changes and create barriers to entry into the market. Monopolies are frowned upon in free-market economies because they stifle competition and limit consumer substitutes.
Economy of scale, geographic advantages, high entry costs, restricted ownership of key inputs, and government restrictions like patents are the sources of monopoly power. Monopolies can set prices and keep pricing consistent and reliable for consumers in the absence of competition.
Hence, the correct answer is "D".
To know more about monopolies, click here.
https://brainly.com/question/5992626
#SPJ4
general written guidelines that dictate behavior and/or direct and constrain decision making within the organization are known as what?
General written guidelines that dictate behavior and/or direct and constrain decision making within the organization are known as Policies
What are the 5 types of policies?Various Policy Statement Categories. There are different kinds of policy declarations, and each has its own tone, scope, and objective. These cover statements about the use of human resources, money, the law, safety, and operations.A policy is an official decision made by a group of people, a commercial organization, a government, or a political party about a certain course of action: They contend that Europe requires a unified defense and foreign strategy.Public policy can be defined as the creation of three different sorts of policiesTo learn more about Public policy refer to:
https://brainly.com/question/28884301
#SPJ4
darcy owns 5,000 shares of english manor properties. it is her belief that the company is unlikely to grow much over the next year. she is curious how she might generate some additional income from the position as english manor pays a paltry dividend and she asks about covered calls. you tell her that
You tell her that Writing calls against her stock position is a conservative strategy for generating income.
What Is a Covered Call?
A financial transaction known as a "covered call" occurs when a call option seller also holds an equivalent quantity of the underlying securities. An investor who has a long position in an asset can then carry out this strategy by writing (selling) call options on that same asset to create an income stream. Since the seller can deliver the shares if the call option buyer decides to exercise, the investor's long position in the asset serves as the cover.
People who plan to own the underlying stock for a long time but do not anticipate a significant price gain in the near future frequently use covered calls.
To know more about stock refer:
https://brainly.com/question/14649952
#SPJ4
Disclaimer- The complete question is-
Darcy owns 5,000 shares of English Manor Properties. It is her belief that the company is unlikely to grow much over the next year. She is curious how he might generate some additional income from the position as English Manor pays a paltry dividend and asks about covered calls. You tell her that
A) Writing calls against her stock position is a conservative strategy for generating income.
B) Buy puts is the best hedge against this position.
C) Writing calls against her stock position is a conservative strategy but is ineffective for generating income.
D) Selling covered calls is very aggressive but has a solid chance of generating substantial income.
a market price is greater than marginal cost in a perfectly competitive market. what will allocative efficiency be at that level of production?
If the market price exceeds the marginal cost in a totally competitive market, the output won't be sufficient for allocative efficiency.
What is a competitive market?In economics, the term "competitive market" describes a market where there are many buyers and sellers and where no one buyer or seller has a significant impact on the market. Competitive markets have many buyers and sellers, few entry barriers, and uniform products.A market with intense competition is one with a competitive market structure. It is also referred to as a completely competitive market because it has lots of customers, uniform products, open entry, exit, etc.In a perfectly competitive market, if the market cost exceeds the marginal cost, the amount of output will be insufficient for allocative efficiency.Therefore, if the market price exceeds the marginal cost in a totally competitive market, the output won't be sufficient for allocative efficiency.
Know more about the competitive market here:
https://brainly.com/question/25717627
#SPJ4
