the impact of price on consumers’ purchasing ability and decisions
the increased income earned by suppliers because of high prices
the impact of consumers’ income on the supply of a product
Answer:
B
Explanation: made a 100 on test
Answer: true
Explanation:
b. promotes general economic well-being, whereas a monopoly market may not be in the best interests of society
c. and a monopoly market are equally likely to promote general economic well-being
d. is less likely to promote general economic well-being than a monopoly market
Answer:
a. may not be in the best interests of society, whereas a monopoly market promotes general economic well-being
Explanation:
In a perfectly competitive market, there are many buyers and sellers who have no control over the price. This leads to a situation where market forces determine the price and quantity of goods or services. Perfect competition promotes general economic well-being as it ensures efficient allocation of resources, encourages innovation, and provides consumers with a wide range of choices.
On the other hand, a monopoly market is characterized by a single seller who has significant control over the price and supply of a product or service. This lack of competition can result in the monopolist charging higher prices and restricting output, which can be detrimental to consumers and society as a whole.
Therefore, while a perfectly competitive market promotes general economic well-being, a monopoly market may not be in the best interests of society.
A perfectly competitive market typically promotes economic well-being, offering consumer choices, innovation and lower prices due to competition. On the other hand, a monopoly can reduce consumer choice and inhibit innovation, potentially being less beneficial for society.
The correct option is b. promotes general economic well-being, whereas a monopoly market may not be in the best interests of society. In a perfectly competitive market, firms compete with each other selling similar products, leading to lower prices and better quality for the consumers, which in turn promotes economic well-being. In contrast, a monopoly, where a single entity controls an entire market, may charge consumers higher prices and not strive for innovation or increased efficiency, sometimes making it less beneficial for the society.
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Considering the available options, Realtors are known to have various functions, including options A and B only.
Generally, Realtors are known to perform many responsibilities, including the following:
Hence, in this case, it is concluded that the correct answer is option D. "A and B only."
Learn more about Real Estate here: brainly.com/question/26011083
Answer:
Bribery
Explanation:
The FCPA(foreign corrupt practices act) Is a US law that was passed in 1977 to tackle bribery and corruption among corporations that pay foreign officials and other foreign companies or institutions for business contracts, or to expedite legal processes. It was popular in the 1970s and was even filed as part of expenses in the financial statements by US corporations.