Answer:
The correct answer is the last statement.
Explanation:
A monopolistic market has a large number of buyers and sellers. The sellers produce close substitutes. The firms rely on advertising. There is a relatively higher degree of competition and restriction on entry as compared to a perfectly competitive market. The firms are able to maximize profit at the point where marginal cost is equal to marginal benefit.
In a perfectly competitive market, however, there are large number of buyers and sellers. These sellers produce homogenous products. There is no restriction on entry and exit of the new firms. The profit is maximized at the point where price, marginal revenue, and, average revenue are equal to marginal cost.
Answer:
True
Explanation:
Because Hotels are part of the market business and all businesses have different amounts for budgets
Answer:
a. 8.24%
Explanation:
The formula to compute the effective annual rate of the loan is shown below:
= (1 + nominal interest rate ÷ periods)^ number of period - 1
= (1 + 8% ÷ 4)^4 - 1
= (1 + 2%)^4 - 1
= 1.02^4 - 1
= 8.24%
As the interest rate is made on a quarterly basis and we know that there are four quarters in a year and we take the same in the computation part
Answer:
If you need negotiating
Explanation:
If you need to negotiate, often times a silent partner can be better because they will not get you into more trouble or ruin your presentation with their own activeness.
Answer:
Private industrial network.
Explanation:
Private industrial network are basically web based networks that manage all kinds of interaction between various companies from the manufacturer all the way to the end-consumer.