The free market<span> is
defined as the system in which the price of goods is agreed upon by
consent between sellers and consumers, through the laws of supply and demand.
Their requirements are the existence of free competition, (which in turn requires that among the participants
of a commercial transaction there is no coercion, no fraud, or more generally,
that all transactions are voluntary), c</span>omplete universal information about the products and their prices,
a free medium of exchange with a common currency, reasonable transaction costs,
set of sellers and a set of buyers.
Answer: Please refer to Explanation.
Explanation:
Two Companies. We shall call them A and B.
If A and B decide not to advertise, they both get $5,000,000.
If A advertises and B does not then A captures $3 million from B at a cost of $2 million meaning their payoff would be,
= 5 million - 2 million + 3 million
= $6 million.
A will have $6 million and B will have $2 million as $3 million was captured from them. This scenario holds true if B is the one that advertises and A does not.
If both of them Advertise, they both reduce their gains by $2 million while capturing $3 million from each other so they'll essentially both have just $3 million if they both decide to advertise.
With the above scenarios, it is better for both companies to ADVERTISE if there is NO COLLUSION. This is because it ensures that they do not get the lowest payoff of $2 million if the other company decides to advertise and they do not.
However, if they DO COLLUDE. They must both decide that NONE of them SHOULD ADVERTISE and this would leave them with their original $5 million each which is a higher payoff than the $3 million they will both receive if they were both advertising.
Answer:
prepare an expense record, and make certain that his credit is good so he can continue to spend more than he makes
Explanation:
Since in the question it is mentioned that an individual is recently hired as a financial analyst for a big company he remebered that how he can manage his personal finance and the financial concerns so in order to maintain its approach with respect to his own finance we should suggest that first prepare the record of an expense and also certain about the good credit score so that he is able to spend more
Therefore the first option is correct
This excess should be credited to Budgetary Fund Balance Unassigned.
<h3>
What is Fund Balance?</h3>
Any specific fund's fund balance is basically what is left over after the fund's assets are used to pay its liabilities. Both the reserved and unreserved portions of the fund balance must be disclosed.
<h3>What is Unassigned Fund Balance?</h3>
The term "unassigned fund balance" refers to the balance that remains after non-spendable, restricted, committed, and assigned funds have been deducted from the total amount. It contains all spendable monies that are not included in the other classes. That's not a very simple explanation.
Therefore, perhaps the simplest approach to considering the unassigned fund balance is the amount of money available to stop a cash flow problem.
Therefore, in a town's general fund operating budget for the year, the number of its estimated revenues exceeded the number of its appropriations. This excess should be credited to Budgetary Fund Balance Unassigned.
For more information on Budgetary Funds, refer to the link:
brainly.com/question/16033301
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Answer:
$42.5 billion
Explanation:
the expected value formula = ∑ (valueₙ x probabilityₙ)
expected value = (low value x probability of low value) + (most likely value x probability of most likely value) + (high value x probability of high value)
= ($5 billion x 20%) + ($45 billion x 70%) + ($100 billion x 10%) = $1 billion + $31.5 billion + $10 billion = $42.5 billion
