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polet [3.4K]
2 years ago
7

The model of competitive markets relies on these three core assumptions:

Business
1 answer:
Karolina [17]2 years ago
4 0

Answer:

B. No, no free entry

Explanation:

With a patent granted to one pharmaceutical company to produce and sell an experimental AIDs drug, all doors of free entry and exit have been locked against other pharmaceutical companies.  This implies that one of the major ideals of a competitive market is violated.  Without free entry and exit, there cannot be many sellers, and we cannot discuss about the possibility of firms producing identical products because there is only one drug.

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Whats a cool invention idea thats easy to make ​
Sunny_sXe [5.5K]
You could make bath gonna
8 0
2 years ago
Read 2 more answers
The term ""umbrella insurance"" means a policy that provides coverage when a lawsuit is brought over injuries or damage the insu
shepuryov [24]

Answer:

The correct answer is Travelers Company.

Explanation:

An Umbrella Insurance Policy is a type of coverage that goes beyond traditional insurance for homes, cars and boats. To understand what an Umbrella Insurance Policy is, it is worth analyzing your coverage. This kind of policy protects against vandalism, slander, defamation and invasion of privacy, as well as claims for damages caused to other people or property in accidents. An Umbrella Insurance Policy is very useful when, for example, a person causes a car accident and their original policy does not cover all the medical expenses of those affected. This kind of policy is suitable for individuals with many assets or high-value assets that are highly likely to suffer lawsuits.

7 0
3 years ago
Next, Kelly asks, "Many of our buyers are happy with our current system for contacting suppliers. How might you be able to find
Svetlanka [38]

Answer:

They have to look for an outsider who is open-minded and ready to listen and tell, he can bring new ideas to what to do or not.

Explanation:

Kelly should ask from an outsider to help because

  • Due to fear or greed, internal people are not able to give a proper opinion.
  • We should get an opinion about their work from an outsider so that they can keep their opinion completely away from any greed or fear.
  • They should also hold an online survey or feedback.

Through this process, they will get better business options.

7 0
3 years ago
The impact of war and terrorism on U.S. business is that
N76 [4]

Answer:

A) fewer jobs will be created in the United States.

B) companies have increased organizational costs, including insurance costs.

C) there is less global trade.

Explanation:

When war and terrorism run rampant, there are a lot of economic sectors that would experience an increase in demand. Example of this would be tourism  And hospitality industry. Nobody really want to have a vacation during wars. So this will made companies in this industry forced to cut off a lot of their employees.

During war, there are also a threat of attacks to the countries that might destroyed a lot of properties owned by the companies. This is why the insurance costs tend to be increased.

War and terrorism tend to resulted in several alliances between different countries. This also could make relationships between countries that previously act as trading partners became strained.

7 0
2 years ago
A local bank is running the following advertisement in the​ newspaper: "For just $ $2,000 we will pay you $140 ​forever!" The fi
Neko [114]

Answer:

6.56%

Explanation:

Given:

The amount paid to the bank = $2,000

Let the interest rate paid be 'r'

By compound interest ,

After 1 year the paid amount will be $2000 × ( 1 + r )

Now,

the bank is paying $140 every year

thus,

2000 × ( 1 + r ) = \frac{\textup{140}}{\textup{r}}

or

2000r + 2000r² = 140

on solving the above quadratic equation, we get

r = 0.0656

or

r = 6.56%

Hence,

interest rate the bank advertising = 6.56%

6 0
2 years ago
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