Business, 22.07.2021 17:20 luisgonz5050
A significant difference between monopolies and competitive firms is that A. a monopoly's demand curve is the industry's demand curve, while the competitive firm's demand curve is perfectly elastic. B. the competitive firm must drop its price to sell more while the monopolist can keep price constant. C. low entry barriers exist for monopolies, but not for competitive firms. D. competitive firms control market supply, but monopolies do not.
Answers: 1
Business, 22.06.2019 11:40
Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?
Answers: 1
Business, 22.06.2019 13:50
When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars
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Business, 23.06.2019 20:10
Imagine you want to convince the local school board that eliminating elective courses for struggling students is a bad idea. which appeal would most likely move this audience to suport your cause?
Answers: 3
A significant difference between monopolies and competitive firms is that A. a monopoly's demand cu...
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