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timama [110]
3 years ago
11

Jim is in the market for a car that will last for the next 10 years and has saved up some money for the purpose of a car. what’s

the best transportation option for jim?
Business
1 answer:
nordsb [41]3 years ago
5 0

Answer:

Utilizing his saving as a down payment and buying the car using an auto loan.

Explanation:

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In the long run, each firm in a competitive industry earns
madam [21]

Answer:

The correct answer is option B.

Explanation:

In a competitive industry there is no restriction on entry or exit of firms in the market. So, when in the short run the firms are enjoying super normal profits or positive economic profits, this would attract potential firms to join the industry in the long run.

As a result the industry supply will increase in the long run. The increase in supply would cause the price to fall. This would further contribute in reducing revenue and profit.

This process will continue till the profit is reduced to zero. If profit falls below zero, then firms incurring loss will exit the industry. Then again zero profits will be restored by reduction in supply and increase in price.

So, we can say that perfectly competitive firms will have zero economic profits or only normal profits in the long run.

5 0
3 years ago
In a dutch-internet auction, the highest price wins.<br> a. true<br> b. false
Zolol [24]
A. True in a dutch interenet auction the highest price wins
7 0
3 years ago
What is one of the best known functions of The Consumer Product Safety Commission?
Alik [6]

Answer:

<u>product recalls</u>

Explanation:

Note, the Consumer Product Safety Commission is an agency that is concerned with consumer product safety in general regardless of whether they are food-related products or not.

Hence, <u>this agency among its stated primary objectives on its official website includes carrying out product recalls where necessary.</u>

8 0
3 years ago
When Benjamin purchased a camera at Best Buy, the cashier asked him for his home zip code. Which of the following approaches was
Anna11 [10]

Answer:

The correct answer is E) Customer spotting .

Explanation:

The detection of needs in the sale is the third step, of the six that must be taken to increase the possibilities of selling.

The detection of needs consists specifically in asking your client a series of questions that you have to have prepared in advance, in order to discover:

  1. What are the real needs they have
  2. If the products or services you have in your portfolio are suitable for what you need.

Not carrying out a correct detection of needs forces you to walk blindly and thus lose many chances of achieving success.

Keep in mind, that it is in this step where it is most important that you pay attention and listen to what the client has to say.

4 0
3 years ago
TRUE/FALSE: in perfect competition, each firm
frez [133]

Answer:

true

Explanation:

4 0
2 years ago
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