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Nastasia [14]
3 years ago
5

Identical products, as well as a large number of buyers and sellers, are characteristics of a ____________ market. In such marke

ts, sellers of goods ___________ influence the prevailing market price, giving them the role of price ___________- in the market.
Business
1 answer:
xeze [42]3 years ago
5 0

Answer:

1. Perfect competition

2. Little to no

3. takers

Explanation:

Following are the features of Monopolistic competition to make you understand better.

Large numbers of buyers and sellers: No single buyer or seller is able to

influence the market price for the product – this is only possible through high  volume which dilutes any power any single party may have.

Homogeneous product: An identical product means no individual producer can  charge more for a good that could be considered superior.

Free entry and exit: Firms can leave and enter as determined by fluctuations in  profit.

Perfect knowledge of prices: Buyers and sellers are fully aware of prices in the  market.

Transport costs are negligible: This doesn’t impact on the market choices of  the economic agents.

Perfect factor mobility: Factors of production are perfectly mobile, allowing free  long term adjustments to be made by the firm.

Firms are price takers: Firms are price takers as they have little to no influence on the market.

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Olessa, single and age 60, sells her home for $540,000 after living there for 20 years. Her adjusted basis in that home was $220
Karo-lina-s [1.5K]

Answer:

Net gain = $60,000

Explanation:

Given:

Sale value of house = $540,000

Adjusted value = $220,000

Selling expenses = $10,000

Computation of gross profit on the house:

Gross profit on sale = Sale value of house - Adjusted value - Selling expenses

Gross profit on sale = $540,000 - $220,000 - $10,000

Gross profit on sale = $310,000

Maximum limit on gain from sale of house = $250,000(Form number 1040, Schedule D)

Computation of net gain:

Net gain = $310,000 - $250,000

Net gain = $60,000

7 0
2 years ago
On may 10, the ceo of massmachine announced a quarterly dividend of $.50 per share to be paid on june 25 to all stockholders on
Serga [27]
It would be on June 3rd. This is the day before the ex-dividend date. The ex-dividend date for stocks is typically set one working day before the record date. If you acquire a stock on its ex-dividend date or after, you will not obtain the next dividend imbursement. As an alternative, the vendor gets the dividend. If you buy earlier than the ex-dividend date, you can get the dividend.
4 0
2 years ago
Why was it sometimes difficult to balance a checking account to a statement?
Juliette [100K]
Because sometimes the check written after the statement closing dates.

Lets say a company do a closing statement on December 26.

 A check written between that date until the end of period ( December 26 - December 31), that transaction simply won't appear on the book because the company already closed the statement on December 26
6 0
3 years ago
George bought a car for $26,500. he made no down-payment and financed the entire amount on a 5-year term with a monthly payment
pentagon [3]
Given:
Principal, P = 26500
term=5 years
Monthly payment, A = 695

Question: Find interest rate

Solution:
Unless there is a table available, there is no explicit formula to calculate interest.  However, the interest rate can be solved for using the formula to calculate the monthly payment, as follows.

A=\frac{P(i*(1+i)^{n})}{(1+i)^{n}-1}
Substituting 
P=26500
i=monthly interest rate to be found
A=monthly payment=695
n=5*12=60 months
A=\frac{26500(i*(1+i)^{60})}{(1+i)^{60}-1}
Rearrange to give successive estimates of i by
I(i)=(695/26500)*((1+i)^60-1)/(1+i)^60
Try initial estimate of i=0.02  (2% per month)
I(0.02)=0.0182
I(0.0182)=0.01736
I(0.01736)=0.01689
....
Eventually we get the value to stabilize at i=0.016265, or
Monthly interest = 1.6265% (to four decimal places)


4 0
2 years ago
When ethan suspended brittany for two months without pay for violating the company's code of conduct, he was exercising ______ p
12345 [234]
He is exercising coercive power. Coercive power<span> is the ability to influence someone's decision making by taking something away as punishment or threatening punishment if the person does not follow instructions. It can be a severe way to get staff members to follow along with a company plan, but it can be necessary in some cases.</span>
3 0
3 years ago
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