Answer:
Monopolistic competition resembles pure competition because: barriers to entry are neither weak or nonexistent.
Explanation:
Both market structures have many sellers and free entry and exit. Thus, profits are driven to zero in the long run.
Answer:
In 2006, the estimated economic cost of alcohol-related crashes in the U.S. was around (including monetary costs and insurance claims) was $130 billion.
Explanation:
Alcohol Related Crashes: According to United States National Highway Traffic Safety Administration (NHTSA) traffic crashes are considered alcoholic crashes if the driver has Blood Alcohol Concentration (BAC) of 0.01 g/dl or above.
Traffic collisions have become of one of major problems for us as they have are the major cause of death for all people ranging from the age of 4 to 33 year.
Answer:
organic word-of-mouth
Explanation:
Organic word-of-mouth refers to the situation in which a person turns into a promoter for a product providing information about it without any influence because he/she is satisfied with the product and wants to share it with other people. According to this and considering that Beth found the right sunscreen and she decided to tell all her close friends about how good the product is, this is an example of organic word-of-mouth.
Answer:
a service, that will be counted as part of GDP.
Explanation:
Gross domestic product is a sum total of all goods and services produced by a country in a given period.
GDP only measures market transactions that involves a goods or service provider and a consumer.
Mowing your lawn by yourself is not measured as part of GDP since it is non commercial.
However when you hire Larry's Lawn Service and pay them to mow your lawn, this is a GDP item.