Answer:
In that case, Patricia:
is still liable to pay the additional 10%.
Explanation:
The 10% price increase was preceded by an agreement between the two parties. Patricia is bound to honor her agreements with her business partner to sustain the business relationship. Refusing to pay a debt just by a change of mind does not repudiate the contract. Nancy can enforce the agreement in the court for specific performance of the contract because this additional agreement simply modifies the earlier contract and remains enforceable.
The first statement is false.
A firm earning a zero profit is an action called predatory pricing, which there
can be a temporary loss because of a super low price and when a new firm enters
the market the new firm won’t be able to compete with a very low price forcing
the new firm out of the market. This action can be a barrier of entry making the
market less contestable. A firm in a contestable market should operate at
efficient level of production and earn a minimal profit close to equilibrium.
<span>It
is true that a contestable market model has important policy implications for
example to increase competition policy maker can decrease regulation so that
new firm can easily enter the market. Policy makers can also force firms to
allow other firms to use their networks encouraging new firms to enter the
market and lessening the monopoly power of restricting supplies. Policy makers
can also set up its own new firm and distribute its resources to small new
firms to increase competition.</span>
To make an income and earn
Google drive , icloud or a chip on your phone
mr. josh kenney, a u.s. citizen and resident of vermont, owns 100 percent of the stock of jk services, which is incorporated under vermont law and conducts business in four counties in the state.
There are three taxpayers identified in the given situation and these are as follows:
Mr. Josh Kenny
JK Services
JK Realty
Governments with jurisdiction in the given case are as follows:
Mr. Josh Kenny falls under the State of Vermont where he is a resident and
JK Services falls under the State of Vermont where it is incorporated and operates and
JK Realty falls under the City of Boston where it is operates.
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