Contestable market Study guides, Revision notes & Summaries

Arizona Life Insurance Exam Questions and Answers (Latest Update 2023) Verified Answers a whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - Correct Answers they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee ...

Evaluate contestable markets

IOP3703 Exam Memo Part 1 – The competent human being: The latest research shows the importance of developing employees on all levels of the organisation on a continual basis. Human Capacity Development – the focus is on developing behaviour, skills, attitudes and competencies that will enhance the overall quality of a person’s work life. Growth Psychology’s aim is to find and define a healthy personality. They argue that it is necessary for human beings to strive for that a...

. Which of the following are characteristics of a contestable firm?  No real barriers to entry  A single firm 2. A pure ______ is the only seller in a market Monopoly 3. Impediments that prevent firms from entering a market or industry are known as: Barriers to entry 4. Consider the market shown below The deadweight loss that results from monopoly production is area A 5. One of the roles of a government is to limit the market power of monopolies or even to eliminate them entirel...

WJEC AS Business Studies Unit 1 Questions and Answers Rated A+ 2023 Why do people start their own businesses? - To make a profit - To provide a good or service - To fill gap in the market - To turn a hobby into a career or business - To be independent/their own boss What is an entrepreneur? An entrepreneur is somebody who starts and runs a business. Perhaps they make a product or provide a service, the quite possibly may employ somebody to make a profit. Many Entrepreneurs are inno...

Econ 315 Exam 3 Study Guide Questions And Answers Graded A+ 2023 Sweeny model of oligopoly; why does the price become "sticky" Because of kinked demand curve Sweezy model of oligopoly; focus on price elasticity of demand - If firm lowers its price; it has inelastic demand and TR drops - If firm raises its price; it has elastic demand and TR drops No incentive to change price since TR decreases in both cases Conceptual question; effect of change in marginal cost in oligopoly model(s)...

The business environment of a firm consists of all the internal and external influences that affect it's performance. correct answers False. The business environment consists of all the external influences that affect its decisions and performance. PEST Analysis is a popular environmental scanning framework. correct answers True Value is created when the price the customer is willing to pay for a product exceeds the costs incurred by the firm in supplying the product. correct answers True...

Edexcel A Level Microeconomics 2022|2023 latest updated Factors influencing demand for labour Demand for final product - if rise in output > increase in productivity Relative productivity of labour to capital - substitution effect £3,000 subsidy for hiring unemployed 18-24 y.o. = half UK's youth minimum wage Factors influencing supply of labour Cost of living Cost of gaining skills UK uni fees capped at £9,250 per year Number of workers UK raises state pension age fro...

A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a: Risk retention group Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated? 1970-Fair Credit Reporting Act Q purchases a $500,000 life insurance policy and pays $900 in premiums over the first six months. Q dies suddenly and the beneficiary is paid $500,000. This exchange of unequal values reflects which of ...

WJEC AS Business Studies Unit 1 questions and answers Why do people start their own businesses? - To make a profit - To provide a good or service - To fill gap in the market - To turn a hobby into a career or business - To be independent/their own boss What is an entrepreneur? An entrepreneur is somebody who starts and runs a business. Perhaps they make a product or provide a service, the quite possibly may employ somebody to make a profit. Many Entrepreneurs are innovators, they b...