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2 years ago

Third Parties In General (not Just With Health Care) Are Inefficient Because

Business

1 answer:

goldenfox [79]2 years ago

3 0

Answer:

Third Parties In General (not Just With Health Care) Are Inefficient Because

b) it means a large bureaucracy.

Explanation:

Ordinarily, in an efficient market, there are no third parties. The market participants remain buyers and sellers. They are aided in their business dealings and for the determination of prices during the exchange by the invisible hand. It is the invisible hand that ensures the existence of market equilibrium between demand and supply. If this invisible hand is removed and a third party comes in to regulate the market and the activities of the market participants, usually the government, it implies that bureaucracy will increase. It has been established that decisions made by the state are not always efficient because more costs are added to the decision-making process.

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If the interest rate on a savings account is 0.01%, approximately how much money do you need to keep in this account for 1 year

andrey2020 [161]

The amount of money in the account for 1 year to earn enough interest to cover a single $ 9.99 below minimum balance fee is : $ 100,000

100 ,000 x 0.01 % = $ 10

Hope this helps

7 0

3 years ago

In a perfectly competitive market, all producers sell goods or services. Additionally, there are buyers and sellers. Because of

maks197457 [2]

Answer: True, False

Explanation:

Perfectly competitive market is governed by the following characteristics,

a. Identical/homogeneous goods

b. Large number of buyers and sellers

c. Free entry and exit

d. Perfect information

Therefore, the above statement is true that in a perfectly competitive market, all producers sell identical goods or services. Additionally, there are many buyers and sellers. Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price takers.

The market for digital cable does exhibit the two primary characteristics that define perfectly competitive markets. Firms in a digital cable market have to sell the same product (like the channels they offer), they need to set the same price. Thus, the statement is false.

8 0

3 years ago

Read 2 more answers

Henderson is a local automobile salesperson. He earns 6% commission on all of his automobile sales. Last month, he earned $9,900

Murrr4er [49]

The answer for total sales is $165,000

3 0

2 years ago

The presence of pollution in the dry cleaning industry leads in the long run to dynamic inefficiencies because:

erica [24]

Answer:

D) firms whose average private cost is less than price will stay in (or enter) the dry cleaning

industry even though their average social cost exceeds price.

Explanation:

When there is pollution as a result of the daily business, then it involves a huge social cost, as you cause harm to public.

But company's do not consider it in making the decision for business, as it generally do not impact the business in financial matters.

As even if the average cost is less then revenue the profit will be there to run the business.

But till the moment the financial impact is not strong of the social cost the pollution will not affect.

5 0

2 years ago

Julia is a U.S. citizen. She establishes a website that posts threatening messages about celebrities. Her website is.

svlad2 [7]

Answer:

b. not protected by the First Amendment

Explanation:

Based on the information provided within the question it can be said that the Julia's website is not protected by the First Amendment. This is because the Supreme Court has never interpreted freedom of speech to allow the inclusion of obscenities. Which "threatening posts about celebrities" would fall under the category of obscenity and not be protected under the First Amendment.

4 0

2 years ago