Answer:
numerous buyers and sellers.
Explanation:
When market participants are price takers, they have no influence over priced. Prices are set by market forces. Goods are also usually homogenous. If sellers attempt to increase their price, they lose their buyers and if they cut price they make losses.
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Answer:
homeowner can deduct all interest on 2 homes on first lien up to 1 million mortgage amount accumulated
also deductible is a home eq line of credit/second mortgage on both homes up to 100,000 dollars, can borrow more than 100k if its for medical
Explanation:
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Occasionally, barriers to entry may lead to pure monopoly; in other market conditions, they may limit competition to a few oligopoly firms
<h3>Do barriers to entry exist in a pure monopoly?</h3>
Due to entrance restrictions that deter prospective rivals, firms acquire monopolistic power. Barriers to entry, or conditions that make it difficult or impossible for potential competitors to participate in the market, give monopolies their market strength.
The four main elements of monopoly are: (1) a single business controlling the entire output of a market; (2) a distinctive product; (3) barriers to admission and departure from the industry; and, frequently (4) specialised knowledge about production methods that are not available to other potential producers.
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Answer:
C. Anticompetitive behaviors
Explanation:
A warranty protects consumers against anticompetitive behaviors.
Answer:
Normally a demand curve will have downward sloping shape.
Explanation:
The demand curve is downward sloping, indicating the negative relationship between the price of a product and the quantity demanded.
