Answer:
The answer is: Supply curves must reflect all costs of production, and demand curves must reflect consumers´ full willingness to pay.
Explanation:
The characteristics of a competitive market are:
- Many buyers and sellers
- Companies make a similar product.
- Both buyers and sellers have access to perfect information about price.
- No transaction costs.
- No barriers to entry into or exit from the market.
Theoretically if all of the above conditions occur, profit maximizing companies will combine with utility maximizing consumers, and markets will tend to produce efficient outcomes.
<span>Laws designed to promote competition and prevent the formation of monopolies are known as _antitrust_ laws.
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The correct answer to the given question is that the trade deficit would increase since with the appreciating pound means <em>more goods will be imported</em> from New Zealand.
Based on the given question, we are asked to show the effects of the trade deficit between New Zealand and UK based on the appreciation of the pound sterling relative to the New Zealand dollar.
With this in mind, we are aware that when there is a strong domestic currency, then it would encourage more imports and hamper exports, therefore, the trade deficit will increase, since an appreciating pound means more goods will be imported from New Zealand.
Therefore, the correct answer is option D
Read more about trade deficit here:
brainly.com/question/24473707
Intergroup conflict always results in positive benefits to individuals the group or the organization.
Explanation:
The social change, decision making, reconciliation, group unity and co operation are some of the positive effects of conflicts in an organization.
The advantages of conflicts are they create awareness for the existing problems. Then by discussing the conflicting views can provide better solutions and managing conflict is quicker and more efficient.
Intergroup conflict in an organization helps the people to come out with their own ideas with creative thinking.
An example for this conflicts are the problems between management and employee and between accounting and operations team, and between UI developers and backend team.
To resolve the problems in intergroup conflict people should openly discuss about the impact that the conflict has on productivity.
Answer:
358.33 times
Explanation:
The computation of the simple forecast combination is shown below:
= (Forecast sales done by Mary + Forecast sales done by Susan + Forecast sales done by Sarah) ÷ (Total number of observations)
= (341 + 535 + 199) ÷ (3)
= (1,075) ÷ (3)
= 358.33 times
We simply divided the total sales forecasted done by each one by the total number of observations
