He should consider exporting since it's a fairly small company.
Explanation:
The manufacturer doesn't have enough knowledge of the country it is expanding it market to and it doesn't have much experience since it is a small company so exporting it's products will push costs such as shipping to the customer which will relief if from making exchange losses and other expenses.
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False, the original seller determines the value, and taxes are added when anyone wants to buy it
Answer:
False
Explanation:
Generally, a lease limits the number of miles allowable to drive in a year, which is between 12,000 and 15,000 miles. Exceeding the lease limit will result in large charges that may be up to several thousands of dollars
Therefore, it is important to be cautious on the amount of driving done when a car is leased and if needed, more miles can be pre-purchased before the lease agreement is signed
The true statement about this natural monopoly is that It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers.
- Also, it is a true statement that natural monopolies can earn positive profit in the long run without the government regulation.
<h3>What is a
natural monopolies?</h3>
This refers to the type of monopoly that exists in a particular market if a single firm can serve that market at lower cost than any combination of two or more firms.
It mostly occurs when when the most efficient number of firms in the industry is one. Also, a natural monopoly will ideally have very high fixed costs implying that it is impractical to have multiple firms producing the good.
A very good example of a natural monopoly is the case of tap water.
Hence, the true statement about this natural monopoly is that It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers and it is a true statement that natural monopolies can earn positive profit in the long run without the government regulation.
Therefore, the answers are Option B and True.
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Answer:
Vladimir Lenin
Explanation:
Lenin's beliefs as he took power in Russia lead to a new economic policy called the NEP, transforming Russia into a mass command economy. The NEP in 1922, became a central economy that owned the means of production. Factories, capital and other factors in production of goods and services were directed by the state.
