Answer: a. A collection of firms that compete with one another in a single product market
Explanation: An industry would be defined as a collection of firms that compete with one another in a single product market. In other words, an industry consists of a group of businesses of the same type, considered as a whole, and consists of large-scale enterprises in a sector of the economy. These businesses are classed into industries based on the primary product produced or sold (major source of revenue).
Answer:
c. 70% / 81% / 90%
Explanation:
Loan to Value ratio LTV is the ratio of borrowers principal loan balance to the appraisal value of the property. Combined Loan to Value Ratio CLTV is the ratio which considers the sum of all the loan taken on the property. High loan to Value ratio is the one which loan is exceeding by the value of borrowers home.
Answer:
D. relative price of beer and hamburgers
Answer:
Expense $23,000 for 2014
Explanation:
The computation is shown below:
Given that
Amount spent on investigating the TV rental stores is $14,000 in south Carolina
And, the amount spent on investigating the TV rental stores is $14,000 in Georgia is $9,000
So, the expenses that should be spent in the year 2014 is
= $14,000 + $9,000
= $23,000
The same is to be considered
