Answer:
monopolistic competition
Explanation:
Monopolistic competition -
It refers to a type of competition , where the some sellers sell similar products but exactly the same , is referred to as monopolistic competition .
The goods and services are not exactly the copy of each other , rather are just similar in nature , with similar components .
Hence , from the given scenario of the question ,
The correct answer is monopolistic competition .
Answer:
Explanation:
When making a decision, irrelevant items are included in the analysis in both alternatives when using: the total cost approach only.
Answer:
The lenders use a system of five Cs to know about the creditworthiness of potential borrowers. They weigh five characteristics of the borrower and various conditions of the loan, chances of default and risk of loss. The five Cs used by the lender are capacity, character, collateral, capacity and conditions.
- The first C is character, it can be known by the previous loans of the applicant.
- Debt to income ratio is the second C.
- The third C is capital, it is the amount of money possessed by an applicant.
- Collateral is the fourth C, it is the asset that can be used to back the loan.
- The fifth C is conditions, the amount of the loan, its purpose and the prevailing interest rate in the market are known as conditions.
Lowest because to show how scarce it is it will have to be low
