Answer:
The correct answer is letter "C": Earn zero economic profit.
Explanation:
For markets that have many companies offering similar products or services, monopolistic competition exists. Restaurants, grocery stores, and clothing stores, for example. Such similar products or services are not ideal replacements for each other in monopolistic competition. In the short run, the economic profit of the firms is positive but in the long run, the economic profit approaches to zero.
The objectives of the board of directors will be that the commercial insurance cannot own the new insurer company because a new insurer will be formed based on mutual insurers where it will be controlled.
<h3>What is insurance?</h3>
Insurance generally refers to a contract between parties for the protection of financial loss, where one party (Insurance Company) promises to make good of the losses of the other party (Insured). It is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment.
Commercial lines insurance involves protection for business and organization. Commercial insurance cannot own the new insurer company because a new insurer will be formed based on mutual insurers where it will be controlled.
Also, one of the objectives of protection is to pool the risk of a sufficiently large number of insured, hence insurance important because it helps businesses to mitigate loss.
Learn more about insurance here: brainly.com/question/4710102
Marketing channel's provide value in that they offer financing options for both the end user and the wholesaler
Answer:
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Purple Fund:
Year 1 = 1,000 x 1.10 = 1,100
Year 2 = 1,100 x 0.905 = 995.50
Yellow Fund:
Year 1 = 1,000 x 1.30 = 1,300
Year 2 = 1,300 x 0.75 = 975
Green Fund:
Year 1 = 1,000 x 0.905 = 905
Year 2 = 905 x 1.10 = 995.50
Orange Fund:
Year 1 = 1,000 + 0 return = 1,000
Year 2 = 1,000 + 0 return = 1,000
Among the choices, Orange Fund has the highest value on Year 2..
