Answer:
a. A monopoly involves a one market or a few major firms.
b. The monopolist can charge any price she wishes and still operate at maximum profit.
d. The monopolist is a "price taker." The monopoly is normally a huge firm such as Wal-mart.
Explanation:
- The market structure of monopoly is characterized by profit maximization, higher barriers to entry, price makers i.e they decide the price of the goods to be sold in the market. Thus create price discrimination and the existence of a single seller.
- Sources of monopoly power are economies of scale, economic barriers, legal barriers, and non-substitutable goods.
Answer:
A savings note is issued for a set period of time.
Explanation:
- The depositor can withdraw money from the account anytime. FALSE
The depositor can only withdraw his/her money when the set period of time expires.
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CDs earn less money than a traditional savings account. FALSE
CD's earn more money than a traditional savings account, and longer term CDs yield higher interest rates than shorter term CDs
- CDs are considered an aggressive investment. FALSE
CDs are considered very safe investments. The Federal Deposit Insurance Corporation (FDIC) guarantees CDs (and other bank transactions) for up to $250,000.
Answer:
a. physical deterioration.
Explanation:
Depreciation is the decrease or loss of value of an asset. Money, plants and machinery are subject to a decline in value due to various reason. Appreciation is gain in value and therefore, an opposite of depreciation.
Physical depreciation is the loss of value due to aging, or wear and tear. It arises from the usage of the asset or collusion. Physical depreciation is naturally occurring. It begins as soon the asset is purchased and placed under its intended use.
The cost of depreciation is the difference between an assets cost price and the estimated value after wear and tear.
C. Nina can exercise self-control
Answer:
your self-interest; their self interest
Explanation:
When you make a decision to buy a good, you make your choice in your self-interest. There could be different reasons to make such choices. This could be because the good could form part of your basic needs or because the prices are quite low.
When people make a decision to produce the good that you are buying, these people are making their decision in their own self-interest. This could also be to make money.