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Varvara68 [4.7K]
3 years ago
14

What is pure competition?

Business
2 answers:
nadezda [96]3 years ago
5 0

Answer:

A theoretical market structure with very large numbers, identical products, freedom of entry and exit, and perfect knowledge by all buyers and sellers of market conditions

Explanation:

Pure or perfect competition is a theoretical market structure that meets the following criteria.

  1. All traders sell identical products-(homogeneous)
  2. Traders cannot influence the market price.
  3. Traders can enter and exit the market at no cost.
  4. Buyers have complete information about the current prices that each buyer charges.
  5. Resources such as labor move freely within the industry.
lana66690 [7]3 years ago
5 0

Answer:

The answer is B. The second option.

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3 years ago
A commercial bank will loan you $20,000 for four years to buy a car. The loan must be repaid in 48 equal monthly payments. The a
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Answer:

Monthly payment = $469.701

Explanation:

<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.  </em>

The monthly equal installment is calculated as follows:  

Monthly equal installment= Loan amount/Monthly annuity factor  

Loan amount = 20,000

Monthly annuity factor  =

=( 1-(1+r)^(-n))/r  

r- Monthly interest rate (r)  

= 6/12= 0.5%  

n- Number of months ( n) = 20 × 4 = 48

Annuity factor  

= ( 1- (1.005)^(-48)/0.005= 42.5803

Monthly installment= 20,000 /42.5803  = $469.701

Monthly installment = $469.701

Monthly payment = $469.701

8 0
3 years ago
What are the two most important cost considerations in queuing​ problems?
Tatiana [17]
B is the answer I think
3 0
2 years ago
McBride’s Dairy has 200 gallons of cream and 600 gallons of skimmed milk and has incurred $1,000 of joint costs at the split-off
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8 0
3 years ago
Inthe 1920's, the value of the German mark fell dramatically. in June 1922, a U.S. dollar could buy 320 marks; by December of th
muminat

Answer:

The answer is C: Hyperinflation

Explanation:

Hyperinflation is high and accelerating form of inflation. It results in quick decline of the local currency`s real value. It also leads to increased prices of all goods and consumables

From the data,

In June 1922, 1 german Mark was equal to 0.003125 USD (1/320)

Whereas in December, 1922, the same german Mark was equal to 0.000125 USD. (1/8000)

5 0
3 years ago
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