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The Firm and Market Structures

  Market structures refer to the organizational and competitive characteristics that shape how markets operate, influencing factors like pricing, competition, and entry barriers. Four primary firm market structures exist perfect competition, monopoly, monopolistic competition, and oligopoly. These structures differ in terms of the number of firms, product differentiation, barriers to entry, and control over pricing. 1. Perfect Competition: Perfect competition is an ideal market structure where numerous small firms sell identical products, having no control over prices. Entry and exit are calm, and firms are price takers, meaning they accept the market price. Examples include agricultural markets where products are homogeneous, such as wheat or corn. 2. Monopoly: A monopoly occurs when a single firm dominates the market, controlling the supply of a unique product with no close substitutes. Due to the absence of race, a monopoly has significant control over price. Monopolies...
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forestall supporting USDC

 


Binance to forestall supporting USDC, the second one largest stablecoin

Binance, the issuer of the world's third-biggest stablecoin, said on Monday it's going to convert customers' holdings in 3 rival stablecoins, USD Coin (USDC), Pax Dollar (USDP), and True USD (TUSD), into its very own stablecoin (BUSD) on September 29 to "beautify liquidity and capital-efficiency for users" in a move that has baffled many fanatics.

As a result of the flow, the arena's most significant crypto change stated it would remove spot, future, and margin trading with USDC, USDP, and TUSD pairs.

"This will no longer affect customers' preference of withdrawal: Users will maintain a good way to withdraw price range in USDC, USDP, and TUSD at a 1:1 ratio to their BUSD-denominated account stability," said Binance in a blog post.

Issued via Circle — a $nine billion company that counts BlackRock, Fidelity, FTX, and Accel amongst its backers — USDC is the second-largest stablecoin with a market cap of over $50 billion. The stablecoin is utilized in transactions worth over $five.Five billion a day, consistent with information from CoinMarkectr ap.

BUSD, Binance's stablecoin, currently has a marketplace cap of $19.3 billion. Its daily extent trades jumped over 56% at the information to over $6.5 billion, keeping with CoinMarkectr ap.

"Based on marketplace pastime, it'd appear a whole lot of this transition has already passed, and even as optimizing greenback liquidity on the sector's biggest change might also convey blessings, the paradigm does increase capability marketplace conduct questions," a Circle spokesperson told Ctr.

Such rare groups up with NBA for a new NFT fantasy basketball sport

French startup Sorare in the beginning, released a fable soccer (football) sport. This 12 months, the company is increasing to new sports. After partnering with Major League Baseball in advance these 12 months, the organization is announcing a new partnership with the Nationwide Basketball Association (NBA) and National Basketball Players Association (NBPA).

Thanks to this multiyear partnership, Sorare will release a formally licensed NFT-based fantasy basketball sport this autumn. It will be known as… So rare: NBA.

Like other Sorare games, gamers might be able to buy and sell digital playing cards representing basketball players. Users can create lineups of basketball gamers and earn points based on real-lifestyle performances.

This isn't the primary NFT test for the NBA. Dapper Labs has turned unforgettable NBA moments into non-fungible tokens with its game NBA Top Shot. Users purchase and promote these pinnacle photographs — the fee of these virtual collectibles can pass up and down through the years.

It will be exciting to see how Sorare draws new players for its NBA sport. Right now, So rare has millions of registered users, but most of them are primarily based in Europe and Asia. While So rare that signed a deal with Major League Soccer so that it may add the U.S. Soccer league to its recreation, basketball and baseball are an awful lot more popular than soccer in the U.S.

The startup should appeal to existing NBA Top Shot users. Some of Sorare's existing customers could also be interested in basketball. More generally, the startup's expansion to basketball represents an outstanding opportunity to find new users in the U.S.

Last yr, Sorare reached a valuation of $four.Three billion when it introduced a $680 million Series B funding round. SoftBank's Vision Fund 2 led the round with Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP, and Liontree.

Behind the scenes, Sorare playing cards are Ethereum-based non-fungible tokens—the enterprise partnered with Starkware to switch h over to ZK rollup. So rare, generate sales via issuing new cards on the platform. Players can then purchase new cards and upload them to their collection. This way, transaction prices remain low, and customers should buy and sell playing cards hastily.

 

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