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harina [27]
3 years ago
8

Competition in a market system denotes a condition where A. the diffusion of economic power limits its potential abuse. B. any g

iven product can be purchased at a wide range of prices. C. contractual agreements among individual firms are restricted and avoided. D. a few large, dominant sellers are constantly jostling for market share.
Business
1 answer:
iragen [17]3 years ago
7 0

Answer:

The answer is: A) the diffusion of economic power limits its potential abuse.

Explanation:

Ina market system, producers will be willing to offer what consumers are willing to pay. That means that consumers are "kings" if competition exists in a market. Consumers should be able to choose what product suits them best and satisfies their needs. A large number of suppliers guarantees more consumer satisfaction.

Problems start when competition starts to vanish and monopolies appear.

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The Tolar Corporation has 400 obsolete desk calculators that are carried in inventory at a total cost of $576,000. If these calc
katrin2010 [14]

Answer:

$20,000

Explanation:

Given :

Total cost of inventory=  $576,000

Upgraded cost of calculator  =$170,000

Sold cost  of calculator =$230,000

Present sales cost = $40,000.

The incremental revenue of the calculator of sales can be determined by

=  Sold\  cost\  of\  calculator\  -\ Upgraded\  cost\  of\  calculator\

=$230,000 -  $170,000

=$60,000

Therefore financial advantage  to the company from upgrading to the calculators can be determined

$\ 60,000-  $40,000\\

=$20,000

6 0
3 years ago
Because self-managed teams were established at the Kinex plant, the number of electrical components produced has increased by 12
alexgriva [62]

The statement that is likely true about self-managed teams at Kinex is that self-managed teams generally control all of their own administrative tasks, including hiring and firing employees.

Self-managed teams made productivity increase and workers have more positive attitudes at Kinex, as this method of management ensures greater autonomy and authority for teams, making work more flexible, faster and more cooperative.

Therefore, self-managed teams are capable of increasing employee development, valuing work, motivation and, consequently, productivity.

Learn more here:

brainly.com/question/12175622

4 0
2 years ago
When may a certificate holder request a hearing after receiving a notice of violation of TABC?
lapo4ka [179]
<span>You have 20 days to file a motion to request a hearing for a violation of the TABC. If the motion is denied, the permitee then has 30 days to file an appeal. The District Court then has 10 days to set the date for the hearing for the appeal.</span>
3 0
3 years ago
Read 2 more answers
What is the name given to the development of a new good?
Rama09 [41]

An invention is the name given to the development of a new good.

<h3>What an invention?</h3>

Invention refers to the process of creating something that has never been made. It  is a unique or novel device, method, composition or process.

An invention uses technology to solve a specific problem hence the name given to the development of a new good.

Examples of invention includes:

  • Manufacturing of Telephone.
  • Manufacturing of printing press.

Therefore, the name given to the development of a new good is called invention.

Learn more about invention here : brainly.com/question/23538626

4 0
2 years ago
After Mario completes his monthly report, his boss reviews it to see if the standards were met. If there are errors, Mario is to
iren [92.7K]

Answer: Active management by exception

Explanation:

Active management-by-exception is an active transactional leadership behavior whereby the leader looks out for what has been done wrong by his or her subordinates.

Such leaders monitors the work performance and look out for the mistakes and then corrects the situation by taking a particular action.

Since Mario'd boss reviews his monthly reports to see if the standards were met and that if there are errors, Mario is told he has to work an extra hour each day for the next two weeks. It is an example of Active management by exception

5 0
2 years ago
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