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Serjik [45]
3 years ago
5

What market structure has many relatively small buyers and sellers, a standardized product, good information to both buyers and

sellers, and no barriers to entry or exit? perfect competition monopoly monopolistic competition oligopoly
Business
2 answers:
gogolik [260]3 years ago
6 0

Answer:

Perfect competition

Explanation:

Perfect competition occurs when there are many buyers and sellers in the market, information on products is available, and there is little differentiation between products.

This results in high competition between the firm's in the market as they try to gain market share.

No firm is able to influence the market alone. There are also no barriers to entry and exit in this scenario because no firm can claim a large market share.

In this type of market the laws of sand and supply apply. That is the higher the price the less will be demanded, and the higher the price the more goods will be supplied.

Ganezh [65]3 years ago
5 0

Answer:

Perfect Competition

Explanation:

Perfect competition is a market characterized by many buyers and sellers that have full information and faces no barrier in entry and exit of the markets. It is the ideal form of market structure where competition is at is greatest possible value. The numerous buyers and sellers are engaged in trade of a homogeneous good in the market. It is also characterized by no long run economic profit and no control over prices.

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Anna is 88 years old and under the court-appointed guardianship of her daughter. One day Anna receives a telephone call from a h
Sergio039 [100]

Answer:

c. This contract is void.

Explanation:

Since in the question it is mentioned that one day Anna received a phone call from the health insurance salesman and she purchase a $400 medigap insurance policy so the contract should be void in the eyes of law as it is not valid in terms of law plus nothing is specified for whom she purchased the policy for $400

Therefore the correct option is c.

4 0
3 years ago
If the Federal Reserve tightens the money supply, other things held constant, short-term interest rates will be pushed upward, a
Sophie [7]

Answer:

The statement is true

Explanation:

Tightening monetary policy or curbing money supply in an economy is a move by Federal Reserve to control inflation or bring down over-heated economic growth.

Money supply is curbed by increasing short-term interest rates, thereby increasing cost of borrowing and making borrowing less attractive to public. This increase in short-term rates, also called Federal fund rates are usually greater than long-term interest rates prevailing in the market.

6 0
3 years ago
Burnley and Co., a graphic design firm, has offices in New York, Texas, California, New Mexico, and New Jersey. Each of these of
vekshin1

Answer:

Emma Burnley has a wide span of control

Explanation:

Span of control is defined as the number of subordinates that are directly reporting to a manager . It can be narrow or wide depending on the number of reporting employees.

In a situation where a large numbers and layers of employee report to a particular manager , it is called a wide span of control

Employees get more responsibilities with less supervision and get motivated. However , the manager might just get overworked and have trouble making decision.

5 0
3 years ago
4. You want to take out a fully-amortizing 30-year mortgage. You can afford monthly payments of $600 each. The interest rate is
iragen [17]

Answer: $74569

Explanation:

Based on the information given in the question, the amount that can be borrowed is explained below:

Present value of annuity will e calculated as:

= 600 × [1-(1+0.09/12)^-(12 ×30)] / (0.09/12)

= 600 × [1-(1+0.0075)^-(360)] / 0.0075

= 600 × 1-(1.0075)^-(360)] / 0.0075

= 600 × [1-0.0678860074] / 0.0075

= 600 × 124.282

= 74569

The amount that can be borrowed is $74569

3 0
3 years ago
The architects of the bretton woods agreement built limited flexibility into the fixed exchange rate system in order to:
Katena32 [7]
To correct avoid high unemployment, one of the measures done by the architects of Bretton woods is to agree on building a limited flexibility into the fixed exchange rate system. In addition, it was stated in the argument that the rules and regulations of the monetary management between the U.S., Canada, Western Europe, Australia, and Japan must be systematically established.
7 0
3 years ago
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