Answer:
The correct option is (C)
Explanation:
The information is a critical aspect of any financial market. Transparency is all about having everybody the same information. The symmetric information is all about transparency and having the same information. It means that borrower's and savers have the same information. It helps to stop misconduct and inside trading. The symmetric information helps borrowers and savers to trust the market and invest.
B) A monopolistically competitive firm faces competition from firms producing close substitutes.
C) A monopolistically competitive firm is guaranteed to make more than normal profits in the long run.
D) A monopolistically competitive firm does not choose a level of output where marginal cost is equal to marginal revenue.
Answer:
Letter b is correct. A monopolistically competitive firm faces competition from firms producing close substitutes.
Explanation:
Monopolistic competition is an economic situation that occurs when companies exhibit imperfect competition, that is, companies market similar but not identical products, which characterize them as substitute but not perfect substitute products.
Products may have different variables, such as quality, price and reputation in the market. The greater the degree of product differentiation, the more price control the company will have.
Answer: A sales lead is a person who shows interest in purchasing a product.
Explanation:
A sales lead is known to be an individual who is interested in purchasing a good and will later become a customer to the company. There are different means by which a company can get a sales lead which include: advertising, direct contact with customers and so on.
Final answer:
Making a positive first impression is vital in job seeking as it influences the potential employers' decision to consider the applicant for an interview. This is due to factors such as academic accomplishments, qualifications, and asymmetric information in labor markets. Therefore, presenting an impressive résumé and cultivating a noteworthy personal brand is essential.
Explanation:
Making a good first impression
on potential employers is indeed essential to securing employment. This is particularly evident in job fairs, where employers often pre-screen candidates and may devote only a few seconds to looking at each résumé. In this brief moment, they need to be convinced to continue reading and consider interviewing the candidate.
Factors that may influence their decision include the candidate's career goals, academic accolades, and qualifications.
Asymmetric information
exists in labor markets because employers cannot observe many key employee attributes until after the person is hired. Hence, they often seek schools for pre-screening and are likely to prefer candidates who have degrees. They also view awards and high GPAs as signals of hard work and ability.
Interestingly, a study by Gilmore and Ferris (1989) also confirmed the significant effect of
applicant impression management tactics
on interviewer judgments, further justifying the importance of first impressions. Therefore, to secure employment, one should work towards presenting an impressive résumé and developing a noteworthy personal brand.
Learn more about First Impressions in Job Seeking here:
#SPJ5