Answer:
True
Explanation:
Information asymmetry occurs when one of the two parties in a transaction has more information than the other. This causes the person that has the least information to likely make bad decisions.
In the question, we have an example of information asymmetry: incumbent managers simply have more information about the companies, because they have actually worked in managing them.
Outside managers, while as qualified as incumbent managers, do not have as much information about the companies, because they have not actually worked there.
Answer:
Explanation:
You can solve this using a financial calculator. I'm using TI BA II plus ;
N = 40*12 = 480 months
PV = -10,000
PMT = -400
FV = 3,350,000
then CPT I/Y = 0.856% (this is a monthly rate)
Next, to find the APR, multiply monthly rate by 12;
APR = 0.856% *12 = 10.275%
To <em>"enter percentages as decimals and round to 4 decimals"</em>, APR =0.1028
Answer: A. they have expertise in a focused technical topic
Explanation:
Answer:
Many economists believe that the market for wheat in the United States is an almost perfectly competitive market. If one firm discovers a technology that makes its wheat taste better and have fewer calories than all other wheat offered in the market, the wheat market would become less competitive because the products would no longer be similar in the wheat market- Option c.
Explanation:
Option c is the correct answer- the products would no longer be similar in the wheat market, the reason being that people with different taste preferences would prefer either of the two kinds of wheat available in the market, therefore making them less concentrated.
<u>Marketing channels</u> <span>are sets of interdependent organizations participating in the process of making a product or service available for use or consumption. These organizations are crucial when it comes to products, given that they mediate between the producer and the consumer. They distribute these products to the end-user, or the consumer, so that they can buy these products and use them later on.</span>
