Engineering Economics
What is another term for “perfect competition”?

No-limit competition
Free-for-all competition
Atomistic competition
Heterogeneous market

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Engineering Economics
Which one of the following questions is relevant to the construction estimates?

Did the estimators precisely evaluate site conditions
How much money will the contractor's risk, loosing if he were to submit bid on the raw estimate of cost
Did the estimators use short cut methods which may be unrealistic in their situation
All of these

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Engineering Economics
Which is true about partnership?

Its capitalization must be equal for each partner.
It has a perpetual life.
It will be dissolved if one of the partners ceases to be connected with the partnership.
It can be handed down from one generation of partners to another.

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