Industrialization in 1750-1900

Match each economic term with its description.

Oduvanchick [21]

There are no barriers to entry in the market. - Perfect Competition

In perfectly competitive markets, there are no obstructions to passage or exit. This is a basic normal for impeccably aggressive markets since firms can unreservedly enter and exit in light of potential benefit. In this way, over the long haul firms can't make monetary benefit yet can just break even.Under idealize rivalry, firms can make super-ordinary benefits or misfortunes.

Under perfect competition, there are numerous purchasers and dealers, and costs reflect free market activity. Organizations acquire simply enough benefit to remain in business and no more. If they somehow managed to acquire overabundance benefits, different organizations would enter the market and drive benefits down.

There is a single seller in the market. - Monopoly

Monopoly refers to a market structure described by a single dealer, offering a one of a kind item in the market. In an imposing business model market, the dealer faces no opposition, as he is the sole merchant of merchandise with no nearby substitute.

In a monopoly market, factors like government permit, responsibility for, copyright and patent and high beginning cost make an element a solitary merchant of merchandise.

Three companies secretly enter into a price agreement. - Collusion

Collusion is a non-competitive secret or sometimes illicit understanding between rivals that endeavors to disturb the market's balance. Collusion includes individuals or organizations that would regularly contend yet who plot to pick up an out of line showcase advantage. The gatherings may on the whole confine the supply of a decent or consent to build its cost to boost benefits.

Collusion may happen in a few different ways yet normally delivers a similar outcome – one gathering, frequently shoppers, being burdened in some specific way.

Every company in this market structure is aware of the actions of the other companies. - Oligopoly

Oligopoly implies couple of sellers. In an oligopolistic advertise, every merchant supplies a vast part of the considerable number of items sold in the commercial center. Moreover, on the grounds that the cost of beginning a business in an oligopolistic industry is generally high, the quantity of firms entering it is low. Organizations in oligopolistic businesses incorporate such extensive scale endeavors as vehicle organizations and aircrafts.

3 0

4 years ago

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The initiatives set out in the Fair Deal were A) embraced by Congress and all its points were passed. B) embraced by Congress po

Alona [7]

Its D. Met with opposition by Congress, but some of its points were passed.

I got it right on USAtestprep and I exactly guess and I got it right so yea

Hope I help you!!

7 0

3 years ago

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Scientists believe that the universe is expanding. Which theory about the creation of the universe BEST supports this belief? A)

grigory [225]

This is the right answer b Big Bang Theoy

4 0

3 years ago

There are 40% of students currently taking AP Statistics who have taken previous AP courses. Momo High School has only 4 of 15 s

marta [7]

Answer:

<u>The correct answer is D. Assign 0, 1, 2, and 3 as having taken previous AP courses and 4, 5, 6, 7, 8, and 9 as not having taken previous AP courses. </u>

Complete statement and question:

There are 40 percent of students currently taking AP Statistics who have taken previous AP courses. Momo High School has only 4 of 15 students who have taken previous AP courses. Design a simulation to determine the probability of getting this number of students, who have taken previous AP courses, in a group this size. Which of the following assignments of the digits 0 through 9 would be appropriate for modeling this situation?

A. Assign 0, 1, and 2 as having taken previous AP courses and 4, 5, 6, 7, 8, and 9 as not having taken previous AP courses.

B. Assign 1, 2, 3, 4, and 5 as having taken previous AP courses and 6, 7, 8, and 9 as not having taken previous AP courses.

C. Assign 0 and 1 as having taken previous AP courses and 2, 3, 4, 5, 6, 7, 8, and 9 as not having taken previous AP courses.

D. Assign 0, 1, 2, and 3 as having taken previous AP courses and 4, 5, 6, 7, 8, and 9 as not having taken previous AP courses.

E. Assign 7, 8, and 9 as having taken previous AP courses and 0, 1, 2, 3, 4, 5, and 6 as not having taken previous AP courses.

Source: https://answers.yahoo.com/question/index?qid=20190708022121AAF54bh

Explanation:

1. Let's review the information provided to us to answer the question correctly:

Students currently taking AP Statistics who have taken previous AP courses = 40%

Number of students at Momo High School = 4 of 15 students who have taken previous AP courses

2. Design a simulation to determine the probability of getting this number of students, who have taken previous AP courses, in a group this size.

To avoid biases in the simulation and that this reflects what we know in advance, that is to say that there are 40% of students currently taking AP Statistics who have taken previous AP courses, we must consider that there are four out of ten assignments exclusively for this group of students who have taken previous AP courses and six for those who have not taken previous courses. <u>The only alternative that reflects this information is alternative D because it assigns from 0 to 3 for the group of students that we want to identify in the simulation and six for the others.</u>

8 0

3 years ago

MATING IS THE BRING OF A MALE AND FEMALE ANIMAL TO MATE AND REPRODUCE, NOW WHAT IS NATURAL MATING?

Mariulka [41]

Natural Mating is the natural way to mate or have intercourse.

3 0

3 years ago

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