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sergeinik [125]
3 years ago
6

How is ease of market entry and exit and exit related to the number of suppliers in a purely competitive market?

Business
1 answer:
arlik [135]3 years ago
4 0

Numbers of suppliers in a purely competitive market dictate how easy it is to start a business or transform it in that sector.

Explanation:

Entry an d Exit in a business sector means the ease of starting or transforming a business that is involved in a particular market sector.

In a purely competitive market the business is dictated by the market standards set by the completion of the various companies vying for a market share between each other.

The harder the competition at the top level, the harder it is for a new business to come up, similar is the case for when one or two companies dominate the hegemony in which case it is hard to grab a market share for the new entrant in the market.

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Harry's competitive math team has been ranked the number one team for the past 40 days. His team competes in a math competition
Ray Of Light [21]

Answer:

Answer for the question:

Harry's competitive math team has been ranked the number one team for the past 40 days. His team competes in a math competition at least once per day and competes in no more than 60 competitions in these 40 days. Show that there is some day $i$ and some day $j$ such that between $i$ and $j$, exactly 19 matches have been played.

is given in the attachment.

Explanation:

7 0
3 years ago
The Candle Shop experienced the following events during its first year of operations, Year1
zhenek [66]

Answer:

a) 1. Acquired cash by issuing common stock  ⇒ Asset Source

2. Paid a cash dividend to the stockholders  ⇒ Asset Use

3. Paid cash for operating expenses  ⇒ Asset Use

4. Borrowed cash from a bank  ⇒ Asset Source  

5. Provided services and collected cash  ⇒ Asset Source

6. Purchased land with cash  ⇒ Asset Exchange

7. Determined that the market value of the land is higher than the historical cost  ⇒ Not applicable

 

b) I used an excel spreadsheet because there is not enough room here.  

Download pdf
3 0
3 years ago
Currently, the U.S. Olympic Committee (USOC) pays Olympic athletes $25,000 for each gold medal, $15,000 for a silver medal, and
katrin2010 [14]

Answer:

Disability Discrimination

Explanation:

Disability Discrimination is a form of inequity or unfairness that individuals aer forced to witness, endure or suffer as a result of their association with a disabled person, a perceived disability or an actual disability. This discrimination arise in different situations and they are both physical and mental.

Disability discrimination is often witnessed in employment in issues including; recruitments, promotions, trainings, lay-ffs, leaves, benefits and payments.

In this particular question, disability discrimination is a kind of inequity obvious in the fact that Paralympic athletes are only paid 10 percent of what the Olympic athletes receive, despite the fact that they are engaged in similar physical activities. The fact that is the same U.S Olympic Committe (USOC) that pays both set of athletes makes it a form of employment inequity in form of disability discrimination.

7 0
3 years ago
Inflation is a decrease in the average price level in the economy.
Rama09 [41]
This is false. When inflation happens, prices go up in the economy.
7 0
3 years ago
E20.5 (LO 3) (Application of Years-of-Service Method) Andrews Company has five employees participating in its defined benefit pe
GuDViN [60]

<u>Solution and Explanation:</u>

<u>Computation of service years </u>

Year  Jim  Paul  Nancy  Dave  Kathy  Total  *  Cost  Amortization

2014  1  1  1  1  1  5            *  3000     15000

2015  1  1  1  1  1  5             *  3000  15000

2016  1  1  1  1  1  5            *  3000  15000

2017   1  1  1  1  4            *  3000  12000

2018    1  1  1  3             *  3000  9000

2019     1  1  2              *  3000  6000

                               72000

<u>Future years of service </u>        

Jim         3          

Paul  4          

Nancy  5          

Dave  6          

Kathy  6          

       24          

cost per service year $=\$ 72000 / 24=\$ 3000$

8 0
3 years ago
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