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NEW QUESTION: 1
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. The level of a firm's output is small relative to the industry's total output.
C. There is freedom of entry into and exit out of the industry.
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: 2
At version 8.9, IBM i2 iBase _______________.
A. no longer supports or requires authorization mechanisms
B. supports dongle authorisation
C. supports A and B above
D. supports software license management (SLM) authorisation
Answer: A

NEW QUESTION: 3
Which of the following statements is TRUE regarding Cloud deployment models?
A. Performance and scalability requirements are a critical factor for deciding between Platform as a Service and Infrastructure as a Service deployment models
B. Applications with extremely high transactions volumes are good candidates for Platform as a Service
C. In a platform as a Service offering, the customer has root access to the servers
D. In an infrastructure as a service deployment, the cloud provider provides security patching, monitoring and fail over capabilities
Answer: A