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ozzi
2 years ago
6

Dozens of companies produce plain white socks. Consumers regard plain white socks as standardized and don't care who manufacture

s their socks.
(a)-Yes, meets all assumptions
(b)-No, no free entry
(c)-No, not many sellers
(d)-No, not an identical product
Business
1 answer:
Dmitry_Shevchenko [17]2 years ago
6 0

The correct answer is A) Yes, meets all assumptions.

Dozens of companies produce plain white socks. Consumers regard plain white socks as standardized and don't care who manufactures their socks: Yes, meets all assumptions.

What we are trying to do here is to define if the affirmation is about a competitive market. And the answer is yes, it meets all assumptions. The socks market is a competitive market because it has a large number of buyers and sellers that is not as big if compared to the size of the total market. The socks matter is offering barely the same product to customers. There is no differentiation at all. And in this case, companies can enter or leave the market whenever they want.

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What is an externality? someone who wouldn't choose to pay for a certain good or service but who'd get the benefits of it anyway
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An externality is defined as the cost or benefit that affects a group when the group did not choose to receive that cost or benefit. This results in either a position or negative consequence based on what happened to a third party that was not origionally involved.

Someone who wouldn't choose to pay for a certain good or service but who'd get the benefits of it anyway is the best definition given to be the answer to this question.

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3 years ago
Would the outcome have been different if the roles of board chairman and CEO in BP had been combined, as in many large American
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2 years ago
Items such as cookies, crackers, and potato chips have separate schemas. However, these can be clustered into one category becau
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The answer is A. Taxonomic categories

Explanation:

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3 0
3 years ago
Bundling:__.
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Answer:

c

Explanation:

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6 0
2 years ago
Shontelle owns an apartment house that has an adjusted basis of $760,000 but is subject to a mortgage of $192,000. She transfers
emmainna [20.7K]

Answer:

Realized gain of Shontelle = $332000

Explanation:

given data

adjusted basis = $760,000

mortgage = $192,000

receives cash = $120,000

fair market value = $780,000

to find out

What is Shontelle realized gain or loss

solution

we find here first Realized gain that is express as

Realized gain = Amount realized - Adjusted basis     ..................1

so here Amount realized = (receives cash  + fair market value + mortgage)

Amount realized = (120000 + 780000 + 192000)

Amount realized = 1092000

so from equation 1

Realized gain = Amount realized - Adjusted basis  

Realized gain = 1092000 - 760000

Realized gain =  $332000

so we can say that

Realized gain of Shontelle = $332000

3 0
3 years ago
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