1. yes it is a competitive market because it meets all the assumptions of being a competitive market
2. no because there is no free entry in the market
3. no because there are only limited sellers in the market
4. no because the product is not homogeneous.
<u>Explanation:</u>
Competitive market is a kind of market which has in it various sellers involved who are selling the same kind of product that is the product in the competitive market is homogeneous in nature.
The entry and the exit of the sellers in this kind of market is not restricted and they are allowed to have free entry and exit in the market. The number of sellers is also large.
they generally manage hotels for a fee
Answer:
Property that was sold three years ago by the debtor(A)
Explanation:
Property that was sold three years ago by the debtor : Debtor has no legal claim on the property of the bankrupt.
Community property: This is also knows as marital property. It belongs to both partners in marriage. Community property is part of the bankruptcy estate, even if only one spouse files for bankruptcy.
Property transferred in a transaction voidable by the trustee : these are transactions that trustee can prove to be voidable and recover transferred assets back to the bankrupt provided it can be proven to have been improperly transferred.
Proceeds and profits from the property of the estate : These are income realized from the estate after trustee fee has been paid and other associated expenses.
The government has antitrust laws, which increase competition and offer patents which decrease competition.