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crimeas [40]
3 years ago
12

"Government works to create a competitive marketplace because it believes competition helps markets function well. Yet governmen

t also awards patents, which prevent competition. Why are both competition and the patent system, seemingly working at cross purposes, essential to creating a large economic pie
Business
1 answer:
Mkey [24]3 years ago
7 0

Answer:

The correct answer is that both competition and patent system encourages business owners to grow and develop better in circunstances.

Explanation:

To begin with, a <em>competitive marketplace</em> generates the free entrance from entrepreuners to the market no matter how many other competitors are and it also encourages every company to make their products or services better for the consumers due to the fact that if the do not do that then the other competitors will, therefore that competition makes the best of every party.

Secondly, the <em>patent system</em> does also encourages the business owners and helps the economy because it assures them that no matter how many competitors there are, the product that they invent will be protected by the federal government and the law so they will be free to create something unique and obtain big profits from that.

To sum up, the reason why both the competition and the patent system are essential to creating a large economic pie is due to its capacity of encouraging the business owners to grow and develop.

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Identify the trade-restraining practice that this example demonstrates. Two retailers decide that they will both sell no more th
Sav [38]

Answer:

The right approach is "Controlling output".

Explanation:

  • Correlation between these two retailers starts deciding that they would rather whether to sell no upwards of hundred TV premium increases for every month throughout order to ensure the highest TV appearance.
  • This seems to be essentially successful when something is necessary to maintain this same inventory but instead influence the suitable provision including its corporation as well as to create pricing power by offering to buy a small share of the economy.
5 0
3 years ago
Of the following types of administrative professionals, which one can expect to earn the highest salary?
krok68 [10]

Out of the administrative professional roles listed, the one who can expect the highest salary is B. Senior executive assistant.

The senior executive assisant has a higher job title over a data-entry specialist, receptionist, and human resource assistant. When trying to figure out which would get paid the most, time on the job is usually a factor on pay. The title with senior in it, states that person has done the job for awhile and is expected to do and know more than someone at an entry level position.

7 0
3 years ago
last year minden company introduced a new product and sold 15,000 units of it at a price of $70 per unit. the product's variable
Inga [223]

A company is a legal entity formed by a group of individuals to engage in and operate a business commercial or industrial enterprise. A company may be organized in various ways for tax and financial liability purposes depending on the corporate law of its jurisdiction.

Present Yearly Net operating income (loss)

(Units * CM Per unit)-Fixed cost

Units Sales 415000|

[Selling Price Per Unit 70

\Variabel Expense Per unit 40|

Fixed Expenses 540000]

Compute the CM ratio

Selling Price Per Unit 70.00

Variable Expense Per unit 40.00

Contribution Margin per unit ( Selling Price - Variable Cost) 30.00

Ico Ratio =( CM/Selling Price) 42.857%

Learn more about the company  here

brainly.com/question/24553900

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5 0
1 year ago
Solaris, Inc. has 2000 shares of 5%, $10 par value, cumulative preferred stock and 50000 shares of $1 par value common stock out
lubasha [3.4K]

The annual dividend on the preferred stock is $1000 in total.

<h3><u>What is an Annual dividend?</u></h3>
  • An annual dividend is a payment made by an insurance firm to its policyholders each year in the insurance sector. Annual dividends are most frequently given out in combination with plans that provide long-term disability insurance and permanent life insurance.
  • A payment made annually to an insurance policyholder, frequently under a long-term disability or permanent life insurance policy, is known as an annual dividend.
  • The insurance company's income, the success of investments, and the amount of money invested all affect the dividend amount.

Annual profits may be paid as cash, used to pay for further insurance, or added to premiums to lower future total payments.

The company has 2000 shares of 5% that is: (2000*5)/100 = 100

with a par value of $10, which becomes:

100*$10 = $1000.

Know more about Annual Dividend with the help of the given link:

brainly.com/question/15871366

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3 0
2 years ago
1. What are some considerations in choosing a financial institution? Which one do you think would be the most important consider
Greeley [361]
1. In choosing a financial institution you must consider how frequently the bank responds, how long they operate on the weekends, the notary services they are offering, the loans you can get and their financial strength among others. The most important factor to consider would be the institution's financial strength since you must only put your trust in institutions with high strength.

2. One good thing about the U.S. savings bonds is their security and the fact that the investments that you will make in these bonds will not cost you any form of state or local taxes. Cons would include its complexity though as it can get hard for you to identify when the bonds will mature, their interest rates, when to know how to cash them, and their current value.

3. If you put your trust in the so-called "problematic" financial institutions, you are basically gambling your money away. First of all, as mentioned earlier, you must only put your trust in banks with a healthy financial strength since problematic ones will be unreliable and unsafe. Trusting them can lead to your money being stolen or you can also be bombarded with additional fees.

4. The state and local government have laws that will protect the consumer from unfair practices or frauds. As an individual, you can add more security to protect yourself and your money. This protection includes setting up alerts on your bank account, adding a two-step verification on your emails so no one can access it easily, as well as avoiding calling lists.

5. One major advantage is that the Federal Deposit Insurance Corporation has a $100,000 guarantee per institution so your investment won't be totally gone during unfortunate circumstances. The disadvantage, on the other hand, is that the interest rates on federally-insured accounts are below the inflation rate so you can expect a decrease in the value of your money over time.
3 0
3 years ago
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