D. To entertain. Elizabeth wants to help them enjoy themselves and also wants them to reflect on the past years
Dec 31 Management Services ....................................$1875
To Prepaid Expenses.....................................................$1875
(Being prepaid expenses recognised for the year)
Answer:
The correct answer is option D.
Explanation:
A market failure refers to the situaion where the market forces fail to efficiently allocate resources. It happens because of a number of reasons such as externalities, monopoly, asymmetrical information, tragedy of commons etc.
In case of market failure, the government has to intervene to efficiently allocate resources. The failure of price mechanism to produce goods efficiemtly results in government to intervene.
Answer:
d. Special damages
Explanation:
Special damages -
It refers to as a some particular type of damages that occurs because of the violation of some contract or rule , is referred to as a special damage .
In case the rule is not followed or the contracted is violated , then special damages are applied .
All the covers for the special dam,age is pre- decided and is mentioned in the contract .
Hence , from the given scenario of the question ,
The correct answer is d. special damages .
<span>This type of marketing is known as imperfect competition as many companies are selling similar products, but the products aren’t similar enough to compete with each other in the market. One way that a company in this type of market can get the most for their money is by producing goods that have a marginal revenue that equals the marginal cost. The company also can continue to develop new products in order to keep us with the demands of its customers. In order to increase the demand for their product, the company may improve its quality and design in order to make it more useful for its customers.</span>
