Most people occupy many statuses at a particular point in time (e.g., student, son or daughter, employee, citizen). This list of statuses is known as the status set.
What is Status set?
A person's collection of social statuses is known as their status set. One can be a daughter, wife, mother, student, employee, churchgoer, and citizen, among other titles.
Robert K. Merton first used the phrase "status set" in 1957. He distinguished clearly between a "role set" and a "status set."
According to Merton, a society's status set is its set of statuses, whereas its role set is its set of duties.
When a person's statuses have both positive and bad effects on them, that circumstance is called status inconsistency.
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price quantity tc $50 0 $10.00 $50 1 $20.00 $50 2 $27.50 $50 3 $77.50 $50 4 $147.50 $50 5 $250.00 what are the firm's fixed costs?
The total costs for various output levels for a company operating in a competitive market with perfect competition are shown in the table below. 10 dollars are the company's fixed costs.
competitive market in economics refers to a situation where multiple economic enterprises are vying for the same product's while adjusting the price, product, promotion, and place components of the marketing mix. When there are many consumers and producers, the market is said to be competitive. The supply curve, which depicts a product's quantity, shows how it responds to supply and demand fluctuations. The following are some examples of the different market structures: Monopolistic competition, also known as a competitive market, occurs when there are many businesses, each with a limited part of the market and marginally distinct products. A robust U.S. economy depends on healthy market competition. When businesses must compete for customers, basic economic theory shows.
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a salesperson does most of the talking early to make key points before bringing the customer along to answer questions in the .
The correct answer is selling formula approach.
A sales strategy in which the goal of the sales presentation is to move the buyer through various decision-making phases, such as grabbing their attention, piqueing their interest, creating a desire, and persuading them to take action.
Selling directly to clients in a non-retail setting is known as direct selling. One have the advantage of seeing the customer in person, so one can watch their body language and facial emotions. One must simultaneously be quick on their feet and able to make quick adjustments.
Replicate the actions and vigor of the buyer. One don't have to perfectly replicate them—that would be unsettling. But if one match their energy, one will make them feel comfortable and make them relate to you.
One should be at ease and calm if they seem to be. One should assume a professional and formal tone if they are more formal and stiff.
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__________ diversity occurs when there are differences in position or opinion among group members, especially regarding group goals or processes.
Separation diversity arises when group members hold divergent positions or viewpoints, particularly in relation to the objectives or working methods of the group.
According to the Social Contract, diversity as separation refers to variations in a group of employees' positions or opinions on values, attitudes, or beliefs.
Multiple advantages exist for human growth in a diverse setting. It can assist in dispelling old misconceptions in addition to helping people become more welcoming and knowledgeable of other cultures. Diversity and inclusion promote productivity because of the exponentially increased capacity for learning from and growing with one another.
Diverse cultural viewpoints can spark innovation and creativity. Knowledge of and insight into the local market boost a company's profitability and competitiveness.
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Which stage of the product life cycle is characterized by negative profits and high costs per customer?.
Introduction Stage of the product life cycle is characterized by negative profits and high costs per customer.
A customer is the recipient of an amazing, carrier, product or an idea - received from a vendor, seller, or dealer thru a financial transaction or trade for money or some different precious consideration
A patron is commonly defined as a person who buys an awesome, product, or service. more mainly, clients are humans or groups presently purchasing, have purchased, or can be inquisitive about purchasing a product or service from any other man or woman or organization.
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Which of the following will most likely harm a multinational enterprise's (MNE's) reputation?
a. Principal-agent problems cause an MNE to merge with another MNE.
b. A sweatshop owned by an MNE has an explosion that kills hundreds of workers.
c. Increased competition causes an MNE to close a factory in a developing country.
d. Wages for workers in a factory owned by an MNE increase, causing profits to decline.
A multinational enterprise's (MNE's) reputation is most likely harmed by the A sweatshop owned by an MNE has an explosion that kills hundreds of workers. Thus the correct option is B.
What is a multinational enterprise objective?An organization that produces goods or provides services across several nations is known as a multinational enterprise. A business's main objective is to make more money and expand.
In accordance with the host government's international responsibilities and obligations, businesses should respect the human rights of persons impacted by their operations.
An explosion in a sweatshop run by an MNE results in the deaths of hundreds of workers and also damages the MNE as it disturbs the obligations of the host country.
Therefore, option B is appropriate.
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What is the chance that a fafsa applicant will get some type of financial aid for college?.
The good news is that as many as two-thirds of all students receive at least some financial aid in the form of grants or scholarships from their college and federal aid. Scholarships are usually not determined by your EFC but are based on things like merit, community service, and other factors.
The Federal Supplemental Educational Opportunity Award (FSEOG) has a maximum grant amount of $4,000 and an average grant amount of $599. Your FAFSA® may also be used by your college to establish your eligibility for a number of merit-based awards. While it is feasible for "full-ride" scholarships to pay all of your educational costs, only.3% of students regularly obtain such offers. Students greatly prize grants and scholarships since, unlike loans, they do not need repayment.
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The trial balance before adjustment of Estefan Inc. Shows the following balances.
Accounts Receivable Dr. $80,000
Allowance for Doubtful Accounts Dr. 1,750
Sales, Net Revenue (all on credit) Cr. $580,000
1. Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a) 4% of gross accounts receivable and (b) 1% of net sales
(a)
Bad Debts Expense (8000×.04 + 1750) Dr.4950
Allowance for Doubtful Debts Cr.4950
Define doubtful debts.Debt that is unlikely to be repaid is referred to as doubtful debt, as the term suggests. However, bad debt is debt that will undoubtedly not be repaid and must therefore be written off. If it becomes evident that payment cannot be obtained, a debt may start out as dubious before changing to a bad debt in the future.
Because it is an account receivable contra account, the provision for doubtful debts is a line item in the balance sheet that appears immediately beneath accounts receivable and should always have a credit amount. A questionable debt is one for which it could be necessary to make a provision for doubtful accounts because it might turn out to be a bad debt in the future.
(b)
Bad Debts Expense (580000×.1%) Dr.5800
Allowance for Doubtful Debts Cr.5800
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What would be a typical situation that might cause a country to consider dollarization?.
Dollarization is the process by which a country begins to recognize the dollar as valid currency in addition to or instead of its own.
Why have countries accepted dollarization, and what does it entail?The process of formally adopting the U.S. dollar or the currency of another country as the domestic unit of account of the second country is known as "dollarization." For a variety of reasons, including improved price stability and an end to abrupt, quick devaluations of the national currency, a government may decide to dollarize.
How is dollarization accomplished?"Dollarization" is the process of using the U.S. dollar either in addition to or instead of another country's indigenous currency. It serves as a superb example of monetary conversion.
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fill in the blank: are items you need to help get the project done. they are considered project resources.
Materials are items you need to help get the project done. they are considered project resources.
When we talk about resources, we're talking about all the things that are available to us that are environmentally friendly, economically viable, and culturally sustainable and that help us meet our needs and desires. Depending on their availability, resources can be divided into renewable and non-renewable categories.
In order to achieve a particular result, a project consists of a number of tasks. A set of inputs and outputs needed to accomplish a specific objective can also be referred to as a project. From simple to complex, projects can be managed by one person or one hundred. An appropriate project title summarises the entire assignment in one phrase. Referencing the Project with the Assigned Name helps the team.
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the elasticity of demand is defined as the percentage change in quantity demanded dvided by the percentage change in
The percentage change in quantity demanded divided by the percentage change in price.
What is quantity demanded?In economics, demand refers to the total amount of goods or services demanded by consumers over a period of time. The quantity demanded depends on the price of the goods or services in the market. Demand refers to the number of goods a buyer is willing to purchase at a particular price. The amount demanded will change depending on the increase or decrease in demand from buyers. The same is represented by the slope of the demand curve. Demand is the quantity of goods or services that consumers are willing to purchase at a given price over a given period of time. Quantity demanded is the amount of goods or services that people buy at a particular price at a particular time.
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When the goal of decision making is to make a generally satisfactory decision within reasonable time constraints, you should probably utilize.
When the goal of decision making is to make a generally satisfactory decision within reasonable time constraints, you should probably utilize the bounded rationality decision making model.
What is decision making?Decision-making is considered a cognitive process that leads to the choice of a belief or course of action among several possible alternatives. It can be either rational or irrational. A good decision maker chooses the actions that bring the best result for himself and others. They participate in the decision-making process with an open mind and do not let their prejudices influence them. They make decisions rationally after exploring the options and understanding the consequences.
The ability to make constructive and respectful choices about one's behaviour and social interactions, based on ethical norms, safety issues, social norms, a realistic assessment of the consequences of various actions and the well-being of oneself and others.
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The type of unemployment resulting from the fact that labor market information is less than perfect is called?.
The type of unemployment resulting from the fact that labor market information is less than perfect is called Frictional unemployment.
What is frictional structural and cyclical unemployment?Frictional unemployment, which has nothing to do with the economic cycle and is voluntary, entails people changing occupations.A downturn in a sector or a change in technology are only two examples of how changes in the economy can directly cause structural unemployment.The fact that market procedures take time and that knowledge might be expensive is a natural outcome that leads to frictional unemployment.It takes time and effort to look for a new job, acquire new employees, and match the right employees with the right jobs. Frictional unemployment is the result of this.
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a consumer who is risk neutral is best characterized as .
Those who take a risk-neutral approach do not focus on risk, whether it is unwise or not. This view is often contextual and may depend on price and other external factors.
Therefore, risk averse people are the most likely to buy insurance. However, risk neutrals and risk takers are more likely to buy insurance if they have different perceptions of risk. Instead, risk-neutral investors prefer to focus on the potential return of an investment. Given two investment options, a risk-neutral investor would choose to consider only the return of each investment and ignore the potential risks (if they are aware of the risks involved). there is).
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summerlin company budgeted 4,800 pounds of material costing $7.00 per pound to produce 2,100 units. the company actually used 5,300 pounds that cost $7.10 per pound to produce 2,100 units. what is the direct materials price variance?
The company actually used 5,300 pounds that cost $7.10 per pound to produce 2,100 units. the direct materials price variance $3,550 is unfavorable.
Direct Material Costs Direct material costs that are readily identifiable by production unit. For example, the cost of glass is a direct material cost in manufacturing a light bulb. Materials are the most important factor in the manufacture of products and goods.
Material costing is the process of determining the costs at which inventory items are brought into inventory and valuing them in accounting records.
Direct material costs are the costs of raw materials or parts used directly in the manufacture of the product. For example, if Company A is a manufacturer of toys, an example of a direct material cost would be the plastics used to make the toys.
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julie, an unmarried individual, lives in a home with her 13-year-old dependent son, oscar. this year, julie had the following tax information: standard deduction table. salary $ 95,000 interest and dividend income 12,800 capital gain from sale of investments 11,000 above-the-line deductions 800 itemized deductions 6,900 compute julie's adjusted gross income (agi) and taxable income.
The adjusted gross income(AGI) $118,000 and taxable income $99,650.
What is adjusted gross income?Adjusted gross income (AGI) is the individual's total gross income less certain deductions under the US income tax system. It is used to determine taxable income, which is calculated as AGI less personal exemption and itemized deduction allowances. Gross income is less important than AGI for the majority of individual tax reasons. Gross revenue is calculated as the sales price of goods or property less the cost of the item(s) sold + other income. Payroll, interest, dividends, company income, rental income, and all other forms of income are included. Gross income less 21 other particular items and deductions from a business or rental activity is known as adjusted gross income. The amount of some deductions is capped based on a percentage of AGI, such as medical expenditures and other itemized deductions.
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An increase in aggregate demand will generate _____ in real gdp and _____ in the price level in the short run.
Answer:
high revenue of the company or high income of the citizens
Explanation:
spring company uses activity-based costing to allocate their overhead costs. setup costs of $100,000 are based on number of batches. plant service costs of $65,000 are based on square footage. spring company has identified 500 batches and has 10,000 square feet in their factory. what is the activity rate for the setup activity cost pool.
Plant service costs of $65,000 are based on square footage. spring company has identified 500 batches and has 10,000 square feet in their factory. $200.00 is the activity rate for the setup activity cost pool.
Nevertheless, a company can not be allocated for indirect costs such as marketing and employee salaries.
So, the activity rate for the setup activity cost pool = 10,000 / 500
= $200.00.
Activity-based costing (ABC) is an aggregate and indirect cost accounting tool for related products. This costing approach considers the relation between the prices, labor operations as well as manufactured goods, and attributes administrative costs less randomly to products than conventional costing approaches.
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Disclaimer: The question is incomplete. Please read below to find the missing content.
Spring Company uses activity-based costing to allocate their overhead costs. Setup costs ot $100,000 are based on number of batches. Plant service costs of $65,000 are based on square footage. Spring Company has identified 500 batches and has 10,000 square feet in their factory. What is the activity rate for the setup activity cost pool. Click the answer you think is right.
A.$6.50
B.$200.00
C.$330.00
D.$16.50
esquire incorporated uses the lifo method to report its inventory. inventory at the beginning of the year was $780,000 (39,000 units at $20 each). during the year, 118,000 units were purchased, all at the same price of $29 per unit. 121,000 units were sold during the year. assuming an income tax rate of 25%, what is lifo liquidation profit or loss that the company would report in a disclosure note accompanying its financial statements?
Based on the amounts of inventory and the income tax rate, the LIFO liquidation profit would be $18750.
The LIFO liquidation profit:
Lifo assigns an amount to the cost of goods sold on the income statement that approximates its current cost; it also better matches current costs with revenues in computing gross profit.
First, find the COGS:
= (118,000 x 29) + (4,000 x 25)
= $3,522,000
The LIFO liquidation profit is:
= (Sales - COGS) x ( 1 - Tax rate)
= ((121,000 x 29) - 3,522,000) x (1 - 25%)
= $18,750
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the united states has banned all trade and investment with cuba since 1962. this is an example of which type of government political intervention?
The united states has banned all trade and investment with Cuba since 1962. this is an example of Gaining influence of government political intervention .
What is government intervention?
Government intervention is a regulatory action conducted by the government to try and alter choices made by people, communities, and organizations about social and economic issues. Different types of government interference in the economy include taxes, subsidies, price controls, regulations, minimum wage laws, and bailouts.Why is government action necessary?
When markets are inefficient, governments step in to fix it. Resources are perfectly distributed to those who need them in the amounts they require in a market that operates at maximum efficiency. That is not the case in inefficient marketplaces; some may have an excess of a resource while others lack one.Learn more about government intervention
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is plays three important roles in management control processes. these processes are data collection, evaluation, and
IS plays three vital roles in management control processes. These processes include data collection, evaluation, and, communication.
An information system or IS is a combination of hardware, software, and telecommunication networks to collect valuable data, primarily in an organization. Many businesses use information systems (IS) to complete and manage their business operations, interact with their customers, and stay ahead of their competitors.
The IS helps in management control processes by collecting, evaluating, and communicating data. Therefore in businesses, They ISs are considered the core of information and data management processes.
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what general principles can you come up with for foreign direct investors using interests, rights, and power to protect their investments in developing countries? g
Foreign direct investment refers to any investment made into a nation by a person or business that is based abroad. FDI generally refers to the establishment of enterprises or the acquisition of ownership or a controlling interest in the stock of a company by a foreign entity.
What is the investment?Investment is the ceremonial of money to purchase an asset to attain an increase in value over a time period of time. Investment requires a sacrifice of some present quality, such as time, medium of exchange, or effort. In finance, the purpose of investing is to generate a return from the invested asset.
As an investment, what experts alter is figuring out your goals and risk permissiveness – either on your own or with the help of a financial professional. There is no warranty that you'll make money from your investment funds. Before you begin an investment fund.
Therefore, experts alter figuring out your goals and risk permissiveness investments.
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inconsistency of the message and blank are disadvantages of personal selling for promotion. multiple choice question. high cost lack of credibility lack of control over audience propensity to cause conflict with competitors
Inconsistency of the message and high cost are disadvantages of personal selling for promotion.
High cost – how to use in a sentence?Due to their comparatively high cost and energy consumption, these are inappropriate for use in portable devices.
Due to the expensive expense, many businesses install meters haphazardly, for instance if there is a change in occupancy at a facility.
Where is the use of personal selling?Companies most frequently use personal selling when their goods or services are expensive, highly specialized, or technically complex, like homes, cars, complex software systems, and business consulting services.
What does promotion mean?The term "promotion" covers a wide range of activities designed to increase public awareness or advance a product. Promotion in the context of a career means raising a worker's position or rank within a hierarchical structure.
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in addition to value, what characteristics are being addressed in a vrio analysis? (choose every correct answer.)
Following characteristics are being addressed in a vrio analysis Value, rarity, imitability, and organization.
VRIO is an acronym for a 4-question framework that specialize in price, rarity, imitability, and organisation, the standards used to assess an employer's resources and talents.
VRIO is a commercial enterprise analysis framework that bureaucracy a part of a company's large strategic scheme. The basic strategic system that any firm starts with a vision announcement, and continues on through goals, internal & external analysis, strategic selections, and strategic implementation.
The VRIO framework is an inner analysis that facilitates corporations become aware of the blessings and resources that deliver them a aggressive side. The VRIO framework is an acronym for the numerous measurements of fulfillment that relate in your business. It includes cost, rarity, imitability, and organization.
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5. what if the customer for job 40 was able to pay for the job by june 30? what would happen to the balance in finished goods?
The cost of goods sold will rise and the finished goods will fall if the client for job 40 can pay for the work by June 30.
A higher cost of goods sold results in a firm paying less tax, but it also reduces the company's profit. There must be a change. Profits should be increased by lowering the cost of items.
Your inventory will be included in the cost of goods sold on your balance sheet if your company purchases products to resell. If you purchase less stock, your income statement's COGS figure will be lower than if you bought more, provided you have sold the merchandise you have already purchased.
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the statute of frauds b) prevents contracts with minors. a) requires that contracts with minors be in writing. d) is an english law that does not apply in canada. e) renders unenforceable contracts with minors. c) renders unenforceable certain types of contracts unless they are in writing.
The statute of frauds renders unenforceable certain types of contracts unless they are in writing.
What is a quillet about the Statute of Frauds?Every state has laws stating that some sorts of contracts can only be enforced if they are in writing, are supported by a written memorandum, or are signed electronically.
What is the main goal of the Frauds Statute?The goal is to stop fraud and other types of harm. Contracts involving the sale or transfer of land and contracts that cannot be completed within a year are the most frequent contract kinds to which the Act applies.
What is the Statute of Frauds' fundamental principle?Common law holds that certain agreements must be in writing to be enforceable (the statute of frauds). The law is applicable to land sales and the majority of expenditures of $500 or more. There are important exceptions, like verbal agreements where work has already begun.
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if a 30 % change in price causes a 15 percent change in quantity supplied, then the price elasticity of supply is: select one: a. 0.5 and supply is elastic. b. 0.5 and supply is inelastic. c. 2 and supply is inelastic. d. 2 and supply is elastic.
If a 30 percent exchange in price reasons a fifteen percent exchange in quantity provided, then the rate elasticity of supply is. b. 0.5, and supply is inelastic.
Inelastic products are common necessities without proper substitutes. The maximum common items with an inelastic call are utilities, prescribed drugs, and tobacco products. corporations offering such merchandise preserve more flexibility with charges because demand remains regular even supposing prices increase or lower.
A product is considered to be elastic if the amount calls for the product adjustments extra than proportionally when its price increases or decreases. Conversely, a product is considered to be inelastic if the quantity called for of the product changes very little while its fee fluctuates.
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isla just graduated from college. she is going to tour the country before she looks for work. other things the same, the unemployment rate
If Isla goes for a tour after her college graduation, then both unemployment rate and the labor-force participation rate remain unaffected.
Employment refers to the relationship between the employee and the employer, wherein the employee is paid for the work they do on a regular basis and given paid leaves. Unemployment is the condition when people who are qualified and are in search of a job aren't able to find a suitable job that matches their qualifications. If a person is not in search of a job, then they may not be classified as unemployed. The labor force participation rate is defined as the ratio of labor force present to the total working-age population. The labor force is the sum of the employed plus the unemployed.
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Refer to complete question below:
Isla just graduated from college. In order to devote all her efforts to college, she didn't hold a job. She is going to tour around the country on her motorcycle for a month before she starts looking for work. Other things the same, the unemployment rate
If the required reserve ratio is 10 percent, currency in circulation is $1,200 billion, checkable deposits are $1,600 billion, and excess reserves total $2,500 billion, then the m1 money multiplier is?.
If the required reserve is 10%, the currency reserve multiplier is 10 and the currency supply should be 10 times the reserve. A reserve requirement ratio of 10% also means that banks can lend out 90% of their deposits.
The formula for the money multiplier is 1/r, where r is the reserve ratio. After calculating the money multiplier, multiply it by the reserve change. Maximum change in money supply = change in reserves x money multiplier. Suppose a bank has $20 million in deposits. If the reserve margin is 10%, he must have at least $2 million on hand. However, if he has $3 million in reserves in the bank, of that he is $1 million in excess reserves.
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if a sizable number of workers were switched from full time to half time empltment then the official unemployment rate would
If a sizable number of workers were switched from full time to half-time employment then the official unemployment rate would remain unchanged.
Employment most customarily method the state of getting a paid venture—of being employed. To employ someone is to pay them to work. A commercial enterprise organization offers employment to employees. Employment can also check with the act of using people, as in we are running to increase our employment of women.
Employment is an essential part of the monetary, social, and environmental improvement approach and technique of any united states of America. Employment affords monetary freedom and selection-making energy. Employment opportunities for citizens in India can help to reduce corruption and get rid of terrorism.
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the individual firm, operating under perfect competition, is characterized as: group of answer choices a price strategist a price taker a price maker one of a few sellers interdependent
The individual firm, operating under perfect competition, is characterized as a prize taker.
An individual or business that must accept market prices because it lacks the market share to do so on its own is known as a price-taker. In a market where there is perfect competition, all players in the economy are regarded as price takers. This is valid for both sellers and purchasers in the debt and stock markets as well as producers and consumers of commodities and services. Therefore, option B is the correct choice.
A single buyer or seller does not possess sufficient market power to control the market's price or output. In the firm, there are no obstacles to entering or leaving. Every company and consumers are involved in the market shares.
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