What are two examples of situations that increase price competition?
What will be an ideal response?
Increasing number of competitors
Increasing number of substituting offers
Wider distribution of competitor and/or substitution of offers
Increasing surplus capacity in the industry
Business
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Calculate the interest on a 270-day, 11% note for $36,000. (Use a 360-day year to compute interest. Round your answer to the nearest dollar.)
A) $5,940 B) $2,970 C) $3,960 D) $330
Business
Which of the following government actions in relation to private property would not be an example of police power:
A: Subdivision regulations; B: Zoning of commercial properties; C: Condemnation; D: Building regulations.
Business