<span>In pure competition, producers compete exclusively on the basis of p</span>roduct features.
This is not the reason why not support ethical relativism; Ethical
relativism holds that there is a right and wrong, even though we do not agree
about what is right and wrong and If people disagree about some moral matter,
their disagreement will always be due to their having different moral values.
The Employee Retirement Income Security Act of 1974 (ERISA) ensures that employees would be able to receive at least some pension benefits at the time of termination. ERISA is a federal law which establishes minimum standards for retirement (pension plans), health, and other welfare benefit plans, including life insurance.
Answer:
1.which of the following is a type of business structure?
a. sole proprietorship
b. partnership
c. corporation
<em>d. all of the above </em>
2.location, utilities, employees and suppliers are all examples of costs.
<em>true</em> or false
3.revenue is the money that flows into your company.
<em>true </em>or false
4. how can you determine if a company is profitable?
<em>a. by subtracting it’s expensive from its revenue </em>
b. by looking at its revenue only
c. by asking the employees
d. by looking at expenses only
5. define ethics
<em>a. The discipline dealing with what is good and bad and with moral duty and obligation </em>
b. always being good
c. following the rules
d. what country you are from
7. consumers have no responsibility related to their right
true or <em>false</em>
Answer:
The correct answer is option C.
Explanation:
Market failure refers to the situation when the market is not able to efficiently allocate resources and the government has to intervene. Market failure generally happens because of the presence of externalities.
When the marginal social cost is greater than the ability and willingness to pay, the market will fail to optimally allocate resources. The government, as a result, will intervene.
The government will use vouchers which will cause the marginal private benefit curve to shift upwards by the size of the per-unit voucher.
