Toptoes inc., a shoe company, assembles gym shoes in an assembly line using 10 workstations. the target output for an 8 hour workday is 240 shoes. the sum of the task times is 18 minutes/shoe. the cycle time is 2 minutes/shoe. the assembly-line efficiency of toptoes inc. is

Markets and competition in a perfectly competitive market, all producers sell identical goods or services. additionally, there are many buyers and sellers. because of these two characteristics, both buyers and sellers in perfectly competitive markets are pricetakers . true or false: the market for lettuce does exhibit the two primary characteristics that define perfectly competitive markets. true false