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son4ous [18]
2 years ago
6

"Competition in quality and service may be just as effective as price competition in giving buyers more for their money." Do you

agree? Explain why monopolistically competitive firms frequently prefer non-price competition to price competition.
Business
1 answer:
posledela2 years ago
7 0

Answer:

Yes, I agree that Competition in quality and service may be just as effective as price competition in giving buyers more for their money.

Explanation:

Price competition is one of many ways that a product or service can compete in the marketplace with consumers choosing affordability over quality. Consumers make purchases mostly on the basis of which is cheaper.

Competitive pricing is used more by businesses selling similar products, since services can vary from business to business, while the attributes of a product remain similar.

monopolistically competitive firms such as hotels frequently prefer non-price competition because they do not want consumers to choose affordability over quality which is usually more expensive.

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"You need to have $15,000 in five years to pay off a home equity loan. You can invest in an account that pays 5.75 percent compo
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Answer:

I have to invest $11364.

Explanation:

The formula of Compound Interest is:

A = P(1+\frac{r}{n})^{nt}

where A = Amount

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Here, A = 15000, r = 5.75% = 0.0575, n = 4(quarterly), and t = 5.

Putting all these values in above formula:

15000 = P(1+\frac{0.0575}{4})^{4\times5}

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4 0
3 years ago
Burnett Corp. pays a constant $9.80 dividend on its stock. The company will maintain this dividend for the next 14 years and wil
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Answer:

The current price of the stock is $68.42

Explanation:

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