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NEW QUESTION: 1
What does the composite structure notation in the exhibit show?
A. p is a port providing a system service.
B. p is a hidden port of C.
C. p is a port on a part of C, which is not shown.
D. p is a behavior port of C.
Answer: B
NEW QUESTION: 2
Which one of the following is not a key assumption of perfect competition?
A. Each firm can price its product above the industry price.
B. There is freedom of entry into and exit out of the industry.
C. The level of a firm's output is small relative to the industry's total output.
D. Customers are indifferent about which firm they buy from.
Answer: A
Explanation:
Choice "c" is correct. A key assumption of perfect competition is that the firm is a "price taker," that is, it
cannot fix the price. Accordingly, it is not true that each firm can price its product above the industry price.
Key assumptions of perfect competition include:
A. Customers are indifferent about which firm they buy from.
B. The level of a firm's output is small relative to the industry's total output.
D. There is freedom of entry into and exit out of the industry.
NEW QUESTION: 3
If there are many bubbles in the sight glass of NetCol5000-A, it indicates that the system lacks refrigerant.
A. FALSE C.
B. TRUE
Answer: B
