Which one of the following statements about the competitive market system is correct?
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Business, 28.01.2020 19:08 CelesteN64
Which one of the following statements about the competitive market system is correct?
a. the competitive market system discourages innovation because firms want to get all the profits possible from existing machinery and equipment.
b. the competitive market system encourages innovation because government provides tax breaks and subsidies to those who develop new products or new productive techniques.
c. the competitive market system discourages innovation because it's difficult to acquire additional capital in the form of new machinery and equipment.
d. the competitive market system encourages innovation because successful innovators are rewarded with economic profits.
Answers: 2
Business, 21.06.2019 17:10
Which statement describes a monopoly? many firms produce identical products with no control over the market price. many firms produce differentiated products with control over market price. a single firm produces a product with no close substitutes and control over the market price. a single firm produces a product with many close substitutes and limited control over the market price.
Answers: 1
Business, 22.06.2019 16:20
The following information relates to the pina company. date ending inventory price (end-of-year prices) index december 31, 2013 $73,700 100 december 31, 2014 100,092 114 december 31, 2015 107,856 126 december 31, 2016 123,009 131 december 31, 2017 113,288 136 use the dollar-value lifo method to compute the ending inventory for pina company for 2013 through 2017.
Answers: 1
Business, 22.06.2019 23:30
What are consequences of rapid inflation? (select all that apply.) savings accounts become less desirable because interest earned is lower than inflation individual purchasing power increases, which results in an increase in demand. individual purchasing power decreases, which results in a decrease in demand. people postpone purchasing expensive items, such as homes, until prices drop.
Answers: 1
Business, 23.06.2019 11:00
How do you write a business plan ? i will give you a brainliest.
Answers: 1
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