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Lyrx [107]
3 years ago
8

The market for used cell phones is very popular in Barylia. However, several phones available in this market are of inferior qua

lity and it is often impossible to differentiate between a good-quality phone and a poor-quality phone.
Refer to the scenario above. Based on the given information, we can conclude that the market for used cell phones in Barylia:

is perfectly competitive.

has asymmetric information.

has only one seller.

is monopolistically competitive.
has asymmetric information.
Business
1 answer:
irina1246 [14]3 years ago
5 0
Has only one seller I think
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Sales taxes and gasoline taxes are both excise taxes, therefore they fall under the category of transfer taxes.

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3 years ago
Xerox pioneered the first portable fax machine. In 1980, the price was $12,700. Xerox was using a(n) _____ strategy to help reco
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c. skimming pricing

Explanation:

Based on the information provided within the question it can be said that in this scenario Xerox was using a skimming pricing strategy to help recover the cost of its research and development. This is a pricing strategy in which the company places a really high initial price for it's new product, but then goes lowering the price as time passes. This also makes individuals believe that they are getting a bargain when prices begin to drop and decide to buy more.

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Employees earn vacation pay at the rate of one day per month. During the month of July, 28 employees qualify for one vacation da
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3 years ago
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Because many consumers choose stores based on proximity to their workplaces or homes, great locations are
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Because many consumers choose stores based on proximity to their workplaces or homes, great locations are : <u>a competitive advantage that few rivals can duplicate.</u>

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7 0
2 years ago
Suppose that an economy consists of only two individuals. Jeremy has $1690 available to spend on goods. He decides to purchase $
Zigmanuir [339]

Answer:

$470

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