The Y in APY means yearly, the answer is APY
Answer:
The correct answer is D.
Explanation:
Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another as goods but not perfect substitutes (such as from branding, quality, or location). In monopolistic competition, a firm takes the prices charged by its rivals as given and ignores the impact of its own prices on the prices of other firms.
Monopolistic competitive markets:
have products that are highly differentiated, meaning that there is a perception that the goods are different for reasons other than price;
have many firms providing the good or service;
firms can freely enter and exits in the long-run;
firms can make decisions independently;
there is some degree of market power, meaning producers have some control over price; and
buyers and sellers have imperfect information.
Answer:
C) He will temporarily have less money in his bank account.
Explanation:
Since Philip is going to spend $600 in his motorcycle repairs, he will have less money in his bank account.
We cannot know where he is going to drive his motorcycle or what he is going to do with his free time. If the repairs are done properly then he mght be able to either keep the motorcycle for a little longer or sell it for a higher price. We also don't know what he plans to do.
The only thing certain is that he is going to have less money.
Answer:
The correct answer is: choose.
Explanation:
According to the Consumer Protection Act of 1986, the consumers' right to choose allows them to have access to different types of certain goods at fairly established prices. For this scenario to take place, the only market condition necessary is competition.
