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Brut [27]
3 years ago
12

Sharing the financial consequences associated with risk in the insurance industry is sometimes called

Business
1 answer:
n200080 [17]3 years ago
7 0
Sometimes called risk pooling 
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To maximize profit, a perfectly competitive firm:_____.
dmitriy555 [2]

Answer:

D

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

Profit is maximised where marginal cost equals marginal revenue.

3 0
3 years ago
From the above schedule of activity costs, determine the internal failure costs.
irina1246 [14]
I think so this is your holiday homework and teachers are thinking that you are doing your self
6 0
3 years ago
The equilibrium interest rate a. equates the aggregate demand for funds with the aggregate supply of loanable funds. b. equates
FromTheMoon [43]

Answer:

The correct answer is option a.

Explanation:

The equilibrium interest rate is determined by the interaction of aggregate demand for loanable funds and aggregate supply of loanable funds. In other words, at the level of equilibrium interest rate, the aggregate demand for loanable funds is equal to aggregate supply of loanable funds. Any change in these two variable causes the equilibrium interest rate to change.

7 0
3 years ago
A farmer purchases a new type of corn seed that will reduce her need for pesticides by two-thirds. The new seed is only slightly
Snezhnost [94]

Answer: Chicken fever

Explanation: I don't know i was guessing but ill look it up fo you

3 0
3 years ago
Which of the following did management at Zappos do to reduce the level of formalization in their organization?
melamori03 [73]

Answer:

A. They avoided asking their customer service reps in call centres to follow a detailed script.

Explanation:

Formalisation refers to the manner in which the company follows extra depth of procedures and takes extra unnecessary care of the customers, or even in the internal procedures of organisation also.

For the customers perspective, we have:

As asking their customers for service reps again and again will make the entire process formalised, and leaving it on the discretion of customers that when they want to avail the service makes it less formal and comfortable for customers.

Thus, avoiding the detailed script with some unnecessary details every time and following up again and again the function becomes less formal and comfortable.

Final Answer:

Option A

6 0
3 years ago
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