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nevsk [136]
3 years ago
5

Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of wh

y or why not.
Two taxi companies serve most of the market in a big city. Consumers don't care which taxi company they take—if they decide it's worth taking a taxi, they flag down the nearest one.
The government has granted a patent to a pharmaceutical company for an experimental AIDS drug. That company is the only firm permitted to sell the drug.
There are hundreds of colleges that serve millions of students each year. The colleges vary by location, size, and educational quality, which allows students with diverse preferences to find schools that match their needs.
There are hundreds of high school students in need of algebra tutoring services in Denver. Dozens of companies offer tutoring services, and the parents who seek out tutors view the quality of the tutoring at the different companies to be largely the same.
Business
1 answer:
SCORPION-xisa [38]3 years ago
6 0
Two taxi companies scenario does not describe a competitive market, this is because the companies are just two, for a market to be competitive it must have numerous companies offering identical products. The pharmaceutical company scenario is not an example of a competitive company because it is the only one involve in the market and the product been market is just one, a competitive market normally involve many companies. The college and algebra companies scenario describe competitive market because there are many companies that offer basically identical services and the clients can choose from any one of them. The companies have to put in extra work to win customers for themselves.
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The U.S. Lacey Act prohibits U.S. businesses from importing products from other countries when those products are illegal in tha
dolphi86 [110]

Answer:

The correct answer is "Required to allow entry or can demand a search warrant and then must allow entry".

Explanation:

I had to look for the problem to know what is being asked and what the options are.

"The U.S. Fish & Wildlife Service arrived at Gibson Guitar headquarters and requested access to all of its records.

​Under federal law, Gibson is:"

Gibson can rely on federal law and apply for a search warrant from U.S. Fish and Wildlife Service officials so they can legally enter and inspect their facilities and records. The other option you have is to allow the officers to enter and hand over all permits and records in your domain.

Have a nice day!

3 0
3 years ago
Dunay Corporation is considering investing $750,000 in a project. The life of the project would be 11 years. The project would r
photoshop1234 [79]

Answer:

The Net Present Value is - $20324

Explanation:    

We can use our financial calculator to work out the NPV using the cashflows from the different periods and using the discount rate given. Which is 18%.

We have 11 periods. Starting off with CF 0. ( CF = cashflow ) We will work in Thousands to make it easier to read and compute. $ ' 000

CF 0 Machine Investment (750) Working Capital Investment (25) Total=(775)

CF 1 160 inflow

CF 2 160 inflow

CF 3 160 inflow

CF 4 160 inflow

CF 5 160 inflow

CF 6 160 inflow

CF 7 160 inflow

CF 8 160 inflow

CF 9 160 inflow

CF 10 160 inflow

CF 11 160 inflow. 35 salvage value from machine. Working capital 25. Total Cashlow = 220

We now use our financial calculator and input these amounts into the calculator.

We start of by entering the data and hitting ENT and do so for every Cash flow. At the end we press 2nd function CFI on our calculator. We then enter the discount rate of 18%. and press down button to get to NPV and then press COMP.

We get an answer of -20,32400407

We now need to put the amount into thousands. Thus = -20324,004

rounded to the nearest dollar we get - $ 20324

7 0
3 years ago
Naomi is willing to pay $120 dollars for a multi-cat condo. She ends up paying $90. What is naomi's consumer surplus?
Yanka [14]

Naomi is willing to pay $120 dollars for a multi-cat condo. She ends up paying $90. Naomi's consumer surplus is $30.

Consumer surplus is also known as buyer's surplus. It is the economic measure of a customer's excess benefit. It is calculated by analyzing the difference between the consumer's willingness to pay for a product and the actual price they pay.

Consumer surplus is calculated by:

Consumer surplus = Maximum price buyer is willing to pay – Actual price.

So, Naomi is willing to pay $120 dollars for a multi-cat condo but she ends up paying $90.

Therefore, $120 - $90 = $30

Hence, Naomi's consumer surplus is $30.

To learn more about Consumer surplus here:

brainly.com/question/15224764

#SPJ4

8 0
2 years ago
Derek's company was bidding on the construction of a new penguin display at a world-famous zoo. when putting together his bid, d
Marina CMI [18]
<span>Derek's company was bidding on the construction of a new penguin display at a world-famous zoo. when putting together his bid, derek began by determining what the zoo would be willing to pay for the structure, and then subtracting a reasonable profit for the company. the result would be the cost of production. for example: if price to zoo = $6 million, and company profit margin = $2 million, the cost to produce cannot exceed $4 million. [$6 million - $2 million = $4 million.] the demand-based pricing strategy in this example is called target costing.

</span><span>Target costing is an approach to determine a product's life-cycle cost which should be sufficient to develop specified functionality and quality, while ensuring its desired profit. It involves setting a target cost by subtracting a desired profit margin from a competitive market price.</span>
7 0
3 years ago
_________________ is defined as an individual's opinions or experiences about a particular topic
Korolek [52]
A public opinion is defined as an individual's opinions or experiences about a particular topic.
4 0
3 years ago
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