Answer: Option A
Explanation: In simple words, perfect competition refers to market structure in which there are large number of participants each operating at small level.
The prices of commodities in such markets are determined by the forces of demand and supply as no individual participant is able to influence the price on his or her own.
Thus, the statement depicting Jill not able to decrease price even after increase ins supply depicts perfect completion.
Answer:
€67,000
Explanation:
The computation o the cost is shown below:
But before that first we have to determine the exchange rate at which the quantity demanded equal to quantity supplies
As we can see that from the table $1.5 per euro exchange rate, the quantity demanded equal to quantity supplied
That means € 1 = $ 1.5
So,
$1 = € 1 ÷ 1.5
So,
Euro exchange rate = €0.67 per dollar
Now
Worth of exchange is
= $100,000 × € 0.67 per dollar
= €67,000
Answer:
people starting and operating small businesses
Explanation:
In business terms, SBA stands for Small Business Administration.
This is a government agency that was formed in 1953 with the purpose of providing small scale entrepreneurs with various types of supports. Such as education about how to operate a business, small loans as their beginning capital, etc.
The government created this administration to encourage production of goods that stimulate the growth of the nation's Economy.
Answer:
Consider the following explanation
Explanation:
Option A, B and D are correct, It will reduce the profit of the company who is loosing the monopoly, and fewer drugs will be invented in the market and firms are loosing the monopoly, and the sunk cost will increase.
