Which of the Following Is an Advantage for Employers Who

question 51

Multiple Choice

Which of the following is an advantage for employers who implement flexible benefits plans?

• A)Low initial design costs
• B)Low administrative costs
• C)Control over the size of the contribution
• D)Low adverse selection
• E)Easy estimation of the costs of benefits

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Definitions:

Oligopoly

A market structure characterized by a small number of firms whose decisions about production and pricing significantly affect the market.

Herfindahl Index

A measure of market concentration that sums the squares of the market share percentages of all firms within the industry, used to assess the level of competition.

Oligopolistic

Pertains to a market structure characterized by a small number of firms dominating the market, leading to limited competition and significant control over market prices.

Equal Percentage

A concept referring to an identical rate of change or proportionate adjustment applied across different quantities or values.