The correct option is (c) no legal barriers prevent a firm from entering an industry.
No legal barriers:
Non-legal writing non-legal careers anything unrelated to the law or the legal profession.
Because, the industry is free and flexible for enter and exit and no other government interventions will be applicable in that free entry no barriers is there and movability will be
for any industry.
Not option (a) Because, the government really levies admission fees for certain types of businesses due to the legal issues surrounding certain businesses and fields, hence they never reimburse the fees.
Not option (b) because, Because it is a government supported program and private businesses cannot participate for free, only semi-government or completely government can do the same, government financed research never helps in sustaining in lower cost patients and hurdles.
Not option (c) because, If a company is operating a successful and reliable business, its marginal cost cannot be zero, and thus will normally not provide free entrance into any industry or type of business.
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Answer:
new technology.
Explanation:
An information system or technology can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.
Generally, it is an integral part of human life because individuals, organizations, and institutions rely on information systems and technology in order to perform their duties, functions or tasks and to manage their operations effectively. For example, all organizations make use of information systems for supply chain management, process financial accounts, manage their workforce, and as a marketing channels to reach their customers or potential customers.
Additionally, an information system or technology comprises of five (5) main components;
1. Hardware.
2. Software.
3. Database.
4. Human resources.
5. Telecommunications.
Overtime, millions of software programs have been created and have helped to improve the economy. This is an example of new technology.
Basically, these new technologies have helped to simplify the process of producing goods and services effectively and efficiently to meet the unending needs and requirements of the consumers.
In the economic term oligopoly, olig means few. So in an oligopoly, the market or industry is run by a small number of large sellers. When there are a few number of sellers, they have a large influence over their customers and the economy.
Answer:
the annual payment for the second annuity is $2,130 paid at end of every year
Explanation:
We have following information for 1st annuity:
Rate: 6.5%
Payment (PMT): -$2,000, paid at beginning of every year
Tenor (Nper): 20 years
We use excel to calculate the present value of annuity = PV(rate,Nper,PMT,,1)
=PV(6.5%,20,-2000,,1) = $23,469
Then we calculate the payment for 2nd annuity = PMT(rate,Nper,PV,,0)
=PMT(6.5%,20,23469,,0) = -$2,130
I think c because that is what I got