Answer: Natural monopoly
Explanation:
A natural monopoly is a form of monopoly that comee into being due to huge start-up costs and also economies of scale. A firm that has a natural monopoly may be the only producer of a particular good or service.
A natural monopoly occurs when the long-run average total cost curve is crossed by the markwt demand curve when the average total costs are still diminishing.
Answer:
comparison/contrast
Explanation:
The most effective organizational strategy for Antonia's presentation would be by comparison/contrast. This organizational strategy focuses on comparing all the pros and cons of choosing to go a certain route in a business decision with the pros and cons of choosing to go another route. This is what Antonia is planning to discuss with the advantages and disadvantages, but in order to convince the viewers she needs to compare this with the advantages and disadvantages of not selling exclusively online.
Answer:
Correct option is <u>rises with inflation, leading to an improved allocation of resources
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Explanation:
Relative price variability has a direct relation with Inflation and an increase in Inflation leads to increased relative price variability and effective resources allocation.
Answer:
A. new product producers driving incumbent producers out of business.
Explanation:
Under Schumpeter's view, the concept of creative destruction, which he introduced in his work: capitalism, socialism and democracy, refers to the process of economic innovation, in which some products are replaced by others, or some firms die because they are driven out of the market by others, and so on.
Schumpeter's view of creative destruction was positive, and he thought that it was an essential part of a market, capitalist system, because this system gives economic agents the incentive to innovate.
An classical example of creative destruction ocurred when Steve Jobs introduced the Iphone in 2007. His new product was so much more innovative and preferred, that it literally "destroyed" the market for blackberry and Nokia phones.
