I believe the answer is: Single seller
A single seller market is another name for a monopolistic market. In this market, only one company/organization control the sales of a certain product.
Since there is no competitor in the market, a single seller company could increase the price of its product as high as it can to maximize profit without worries since the consumers do not have any other option.
Answer:
hen problems arose. Some historians believe that by 5000 B.C.E., farmers in the Zagros foothills did not have enough land to grow food for the increasing population. As a result, villages began to suffer from food shortages. Below the foothills and to the south, the Euphrates and Tigris rivers ran through flat plains.
Explanation:
Answer:
D. Claims are paid to the policyowner separately by each insurer participating in the reinsurance agreement.
Explanation:
Option D is correct because it does not apply to reinsurance.
In reinsurance, the company known as the insurer accepting part of the risk that are being transferred from another insurer is known as the reinsuring company.
Also, the insurer that is seeking to transfer part of its risk to another insurer is called the ceding company. Reinsurance is a risk sharing process between the insuring companies. Insurer that transfers part of his risk to another insurer does that in order to limit their total loss which they might incur in the case of any disaster.