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Anni [7]
3 years ago
14

What are the likely reason(s) that the market for electricity is not perfectly competitive? Please select all that apply.

Business
1 answer:
Ulleksa [173]3 years ago
5 0

Answer:

The correct answer is option C and D.

Explanation:

A perfectly competitive firm has a large number of buyers and sellers. These sellers produce homogenous products. There is no restriction on entry and exit in the market. The firms are price takers.  

The market for electricity is not a competitive market because there are few sellers in the market and there is difficulty in entry and exit because of the high cost involved.

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Which situation best describes opportunity cost
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A store that buys a shipment of new computers cant afford to buy new phones.

Explanation:

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When some people know things that other people don't know, there is _____; it can _____ economic decisions.
iVinArrow [24]

Answer:

The answer is "Risk aversion" ,"Facilitate"

Explanation:

In financial aspects and business, Risk aversion is the conduct of people (particularly customers and speculators), who, when presented to vulnerability, endeavor to bring down that vulnerability. It is the faltering of an individual to consent to a circumstance with an obscure result as opposed to another circumstance with a more unsurprising result yet conceivably lower anticipated result.

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3 years ago
At​ UPS, business was strong but profits were​ down, leading managers to look for ways to increase profits from existing operati
Marat540 [252]

Answer:

At this point, the managers of UPS are at the First step in the decision-making process, which is Identifying the problem.

Explanation:

The decision-making process consists of evaluating a particular situation, gathering information, developing plans and taking the necessary steps to make good quality decisions and obtain satisfactory results. This process has seven steps:

  1. Identifying the problem
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For this particular case, the UPS managers are in the first step of the process. They have <u>identified an issue</u> with their profits <u>and defined a clear path for problem-solving</u>, which is increasing the profit via their existing operating income.

6 0
3 years ago
Union Apparel has sales including sales taxes for the month of $552,000. If the sales tax rate is 6%, what are Union Apparel's s
nadezda [96]

Answer:

Union Apparel's sales for the month is $520,000

Explanation:

For computing the monthly sales excluding taxes, the calculation is shown below:

= Sales including sales taxes × Sales ÷ sales with sales tax

where,

1 is the sales value

And, sales value with tax equals to

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So, the value would be equal to

= $552,000 ×1 ÷ 1.06

= $520,000

Hence, Union Apparel's sales for the month is $520,000

7 0
4 years ago
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