Answer: <em>Oligopolistic Competition</em>
Explanation:
Here, in this particular case we can state that the competition that persists in this scenario is <em>Oligopolistic Competition. </em>It is referred to as the situation in a market under which there tend to be only few sellers that further sell a differentiated product, here the seller tends to have higher percentage of market control and thus they further cannot allow themselves to disregard the conduct of other sellers.
Answer:
$44,928,000
Explanation:
The fact that 416,000 received a refund of $3,600 each means that the tax authority would lose the interest income that could have been generated on the total refund amount based on a 3% interest rate of return.
Lost annual income=number of people who got refund*average refund per person*interest rate of return
number of people who got refund=416000
average refund per person=$3,600
the interest rate of return=3%
Lost annual income=416,000*$3,600*3%
Lost annual income=$44,928,000
Answer: The correct answer is true.
Explanation: A disclosed principal is a principal whose identity is known by a third party with whom an agent contracts on the principals behalf, making this statement true.
Answer:
The correct answer is option C.
Explanation:
Suppose there is pessimism in an economy because of corporate scandals, international tensions, loss of confidence, etc. This is going to adversely affect the economy. Because of corporate scandals, the investment will decline. Loss of confidence in consumers will cause a reduction in consumption spending. International tensions cause net exports to decline.
All of this causes aggregate demand to decline. The aggregate demand curve moves to the left. This leftward shift causes both the quantity of output and price to fall. As output fall real GDP will decline as well.
