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3 years ago

What is one drawback of pure competition compared to monopolies?

Business

2 answers:

frutty [35]3 years ago

8 0

Answer:

D. Pure competition spreads resources between many different

firms.

Explanation:

Pure competition is a market structure with many suppliers and many buyers. All the suppliers sell a homogeneous product. There is intense business competition among the suppliers. Other characteristics of pure competition include

There are no dominant suppliers.
There is ease of entry and exit into the market
Suppliers/firms are price takers.

In pure competition, resources are shared among the many competing firms in the industry, unlike in a monopoly that has only a single supplier. Resources include raw materials and profits.

weeeeeb [17]3 years ago

3 0

Answer:

Explanation:

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Criteria for recruitment of business administration department

grin007 [14]

Explanation:

A business administration professional typically needs a bachelor's degree in a relevant field, such as business administration, finance, or human resources. A bachelor's requires four years of full-time stud

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2 years ago

Your parents have accumulated a $120,000 nest egg. They have been planning to use this money to pay college costs to be incurred

mafiozo [28]

Answer and Explanation:

The computation is shown below:

a. For computing the number of money required at the end of four years first we need to find out the present value i.e to be shown in the attachment

Given that,

Future value = $0

Rate of interest = 7%

NPER = 4 years

PMT = $10,000

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after applying this, the present value is $33,872.11

Now the net nest egg is

= $120,000 - $33,000 - $33,872.11

= $53,127.89

Now the future value is

= Present value × (1 + interest rate)^number of years

= $53,127.89 × (1 + 0.07)^4

= $69,639.83

b. Now to find out the number of years required to stay in school we need to use the NPER formula i.e be to shown in the attachment

Given that,

Present value = $69,639.83

Future value = $0

Rate of interest = 7%

PMT = $24,060

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after applying this, the answer would be 3.35 years

6 0

3 years ago

Hushovd Iron Works has collected the following data for its Thunderbolt line of products:Direct materials standard 10 pounds per

Dima020 [189]

Answer:

The correct answer is D: $3500 unfavorable

Explanation:

Giving the following information:

Standard:

Direct materials standard 10 pounds per unit

Direct materials standard cost $0.75 per pound

Actual:

Material purchased cost $0.85 per pound

Direct materials purchased 40,000 pounds

Direct materials used 35,000 pounds

Finished goods produced 4,500 units

Direct material price variance= (SP-AP)*AQ

SP= standard price

AP= actual price

AQ= standard quantity

Direct material price variance= (0.75-0.85)*35000

Direct material price variance= $3500 unfavorable

7 0

3 years ago

The british economist john maynard keynes believed that recovery from the great depression required first abandoning the:

kirza4 [7]

John Maynard Keynes is known for his economic theory called Keynesian economics. He studied on ways to resolve the problem of the Great Depression. According to Keynes, the government should abandon or reduce tax rates, and at the same time, increase government spending as investments. By increasing government expenditures, it would open more job opportunities and investments into an economic zone. People will have high earnings, and because of lower taxes, they could buy what they want. For Keynes, this type of economic system called capitalism is the solution for the Great Depression.

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3 years ago

Kordel Inc. acquired 75% of the outstanding common stock of Raxston Corp. Raxston currently owes Kordel $500,000 for inventory a

Nady [450]

Answer:

what amount of Raxston’s liability should be eliminated? d.$500,000

Explanation:

At different levels of the consolidation, certain intercompany payables and receivables balances must be eliminated. Eliminations are only required in the context of a consolidation where the trading parties are both included in a given consolidation.

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3 years ago