Base on the scenario above, The Smiths have not made an
offer to sell their home to the jones because of the reason that they didn’t
intend to make an offer because of the fact that they had stated that they are
not even willing to sell the house and that they also didn’t include any
selling price in regards of the conversation they had with Martin and that
would likely mean that the offer lacks of specificity in which consider for the
offer to fail.
Answer:
B) existing carriers prevented from responding to new entrants' lower prices
Explanation:
The theory of contestable markets refers to markets with no entry or exit barriers. It was developed by William Baumol. In a contestable market, the number of participating firms is not important. For example, an oligopoly might exist, but if the entry barriers are low they will be forced to act competitively.
What makes existing firms competitive in this type of market, is the risk of new competitors entering the market and reducing their market share. That is why companies will try to make normal profits, because if they are too profitable, lots of potential competitors might enter the market and grab their customers.
Answer:
They comply with the provisions explanation is set out somewhere in the segment below.
Explanation:
A related sequence of procedures intended to produce an advertisement campaign for a specific outcome of the election.
<u>The forms in which the given objective is achieved would be as described in the following: </u>
- Using the list linked to something like the campaign impact on either the incentive.
- For both the incentive pick the primary source or main idea of the campaign or an advertisement.
Answer:
MC > AC : AC rise ; MC < AC : AC fall ; MC = AC : AC minimum .
Explanation:
Marginal Cost MC is addition to total cost with an additional production.
∆C/∆Q
Average Cost AC is average cost per unit of production output. C / Q
Relationship between AC & TC : Average move in direction of Marginal .
MC > AC : AC rises
MC < AC : AC falls
MC = AC : AC is minimum
Answer: transaction processing system
Explanation:
A bank that uses a computer system to record deposits and withdrawals from its customers' checking accounts is using a transaction processing system.
Transaction processing system is when the system is used in the processing of transactions and data is being sent and recorded in the system.