Answer:
The answer is because of product differentiation
Explanation:
Under monopolistic competition, the sellers' product are differentiated from one another and this gives the sellers the power to influence prices.
Like perfect competition, the market has many buyers and sellers, free entry and exit but the major difference between the two is the product differentiation.
For example in the mobile phone market, we have Samsung, Infinix, Iphones, Oppo etc. They are all mobile phones but they are different from from one another in the aspect of specifications. iPhones usually charge highest. There is customers' loyalty in this market.
Answer:
C) 14%
Explanation:
The nominal annual yield is exactly the same as the bond's annual coupon rate. The nominal annual yield is calculated as a fixed percentage of the bond's par value and it doesn't change if the market price of the bond increases or decreases.
The bond's current yield is the actual interest rate that the bond is paying since its calculation is based on the bond's market price, not its par value.
Answer:
The answer is household selling a resource in the factor market which is the same thing as business buying resource in the factor market
Explanation:
Factor market is a market in which factors of production e.g land, capital, labor are bought and sold.
In the question above, Jim(household or labor) is working at a restaurant (firm or business). This means Jim is selling his resource(labor) in the factor market while the restaurant is buying the resource(labor) in the factor market.
Answer:
A.)
Explanation:
two or more connected computers