Answer: it allows people to more easily buy and sell products
Explanation: apex answer
Guitar center recently instituted no haggle selling prices, much to the dismay of some musicians who enjoyed bargaining and getting a better deal than anovice. But now, no matter which guitar center store a customer visits, that person will be quoted the same price for the same guitar. This is an example of a <u>one price</u> policy.
The market system meant for protection of property rights and also : Provide an incentive to maintain property and allow for the orderly transfer of property ownership.
<h3>What is market system?</h3>
The market system is a system that allows free trade of goods and services. This means that both business, producers and consumers have equal share in a market system.
In a market system, the production of goods and services are set according to the changing desires and abilities of the market forces.
Therefore, the market system depends on private property and the protection of property rights to provide an incentive to maintain property and allow for the orderly transfer of property ownership.
Learn more about market system here: brainly.com/question/1659498
Answer:
The answer is $3,300.
Explanation:
To calculate interest paid on an amount, the following formula is used:
Simple interest = Principal × Rate × Time
Principal = $110,000
Rate in decimal = 9% = 0.09
Time in years = 4 months = 4/12 years
∴ Simple interest = $110,000 × 0.09 × 4/12 = $3,300.