Based on the question provided above, there are no choices
provided and I have found a similar question that has its choices which are;
-
Use only complex sentences
-
Correct run-on sentences
-
Correct fragments
-
Use only simple sentences
-
Reduce sentence lengths
With the given choices, the correct answers are the
following;
-
Correct run-on sentences – run on sentences
should be corrected in order for the faulty sentences to be improved and revise
as they contain two or more main clause or independent clause in which are
being joined without any word to correct them and by this, it makes the readers
confused.
-
Correct fragments – fragments should be
corrected as these are sentences that are incomplete that makes the content of
an information to lose its value as the information is incomplete.
-
Reduce sentence lengths – it is best to reduce
sentence lengths so that the readers won’t find the reading material boring to
read at and in the same time, make it more easy and attractive to read
Answer:
The price will be higher and output lower in absence of competition.
Explanation:
When the market does not have enough competition, it provides a certain degree of market power to the existing producers. They are able to regulate prices and output.
It is likely that the suppliers will provide a fewer quantities of goods at a higher price, in order to maximize their profits. The socially optimal level of output will not be produced in the market.
The resources will not be efficiently allocated and deadweight loss will exist.
Answer:
AC Problems : Incurred even at 0 output level, much varying & deviant from cash flows
VC Problems : Doesn't include fixed cost, incomplete expenditure, incomplete financial (accounting) statements.
Explanation:
Average Cost is the cost per unit off output.
Problems with AC as a performance measure :
- It includes all (fixed & variable cost) average. So, including fixed cost, it is not zero even at zero output level.
- It's variance analysis during production & cost phases is very complicated.
- It's result are deviant as evident from cash flows.
Variable Cost is the cost incurred on variable factors of production.
Problems with VC as a performance measure :
- It doesn't include fixed cost. So, it is not a correct measure of complete total expenditure.
- Fixed costs are huge. No financial inclusion of them makes accounting information unreliable (for legal purposes)
<span>Business organizations I bet. Hope this helps. :)</span>
