Answer:
The price will be higher and output lower in absence of competition.
Explanation:
When the market does not have enough competition, it provides a certain degree of market power to the existing producers. They are able to regulate prices and output.
It is likely that the suppliers will provide a fewer quantities of goods at a higher price, in order to maximize their profits. The socially optimal level of output will not be produced in the market.
The resources will not be efficiently allocated and deadweight loss will exist.
Answer:
Note Contract Date Principal Interest Rate Period of Note (Term)
1 March 7 $12,000 5 % 60 days
2. May 21 $18,000 7% 90 days
3. October 26 $ 14,000 4% 45 days
1. Maturity date = 6 May
Interest expenses = $12,000*5%*60/360
Interest expenses = $100
2. Maturity date = 19 August
Interest expenses = $18,000*7%*90/360
Interest expenses = $315
3. Maturity date = 10 December
Interest expenses = $14,000*4%*45/360
Interest expenses = $70
Can totally vary. Normally, it can create 1,000 dollars up to 2,000 dollars if it's a good investment.
I guess the correct answer is New market entrants
A manufacturer of deep-sea oil rigs may be least concerned about new market entrants.
