Answer:
it is an easiest type of business to set up because it requires small capital to start but has many disadvantages such as bearing all the risks alone.etc
I believe that the problems Bob is going Face is...he will struggle with Ideas and he will have many Diclamers along the way
Answer:
B. the longrun profit would be negative.
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A firm would shut down in the short run if price is less than average variable cost and exit if it is making a loss
Answer:
<h2>The answer in this case would be True.</h2>
Explanation:
- In this case,the auctioneer has not made any special announcement regarding the sale or especially,has not announced the official conclusion of the sale.
- Since,the auctioneer hasn't officially signaled the end or conclusion of the sale,it technically implies that the auction or sale of the concerned product or item is still operational and anyone can offer a value to bid for the product or item.
- Therefore,based on the general rule or regulation of any official public auction,the bidder can officially withdraw his bid and let it pass to other bidders before the final and official conclusion of the sale as per the indication of the auctioneer.
Answer:
Assertive.
Explanation:
Assertive behavior means standing up for and going after what you want (in this case a sale) without being overbearing/aggressive or too shy/passive. Assertive is a positive balance between the two extremes and means people clearly and directly state what they want or take action to achieve it.
