The equilibrium price in a perfectly competitive industry is sometimes below the break-even price, sometimes above it, and sometimes equal to it because the

(a) firm is a price maker and the equilibrium price is determined in the competitive market.
(b) equilibrium price is determined by the number of buyers in the market.
(c) equilibrium price is determined by the number of firms in the market.
(d) firm is a price taker and the equilibrium price is determined in the competitive market.

The answer is: (B) the equilibrium price is determined by the number of buyers in the market.

Explanation: At the equilibrium price, the quantity that buyers want to acquire is equal to what the sellers want to sell. The market reaches equilibrium at the price with which the quantity demanded is equal to that offered.

Market value is the value of a good, product or service, determined by the supply and demand of the market at a given time.

The answer is: (B) the equilibrium price is determined by the number of buyers in the market.

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.