I believe the answer is: a. dominated by cotton
After the civil war, the south still hasn't fully adopted the manufacturing industry like the norhtern states did, due to the limited machineries that they possess. Because of this, their economy still dominated by agricultural sectors (mostly cotton). The only difference is that they pay their workers with salary rather than using slaves.
Answer:
Business transactions are denominated in foreign currencies.
Explanation:
Foreign exchange can be referred to as the exchange of one country's currency for another currency. The exchange of these currencies occurs in an exchange market known as forex market.
Foreign exchange risk is a financial risk in which changes in the exchange rate may result in the loss of investment value or huge financial breakdown.
The most effective approach to preventing foreign exchange risks is for organizations to make and receive all forms of payment in their own currency.
Answer: charge a monopoly price
Explanation:
Patents provide an exclusive right to the firm in the production and sale of a drug. This provides the firm exclusive market power to decide the price and the quantity and therefore the firm is able to charge a monopoly price and also earn monopoly profits.
When an existing patent expires and the generic producers enter the market, the price reduces due to an increase in the supply of the erstwhile patented drug. This will reduce the monopoly profit of incumbent producers. Therefore, they will seek to deter the entry of generic drug makers in order to safeguard their monopoly profits and price.
Therefore, incumbents were willing to give enough to potential entrants so as to make them delay entry to charge a monopoly price.
The effect of the 2013 Supreme Court decision allowing legal action against these companies is increase in the cost of pay-for-delay agreements and also reduce incumbent profits from these agreements.
Answer: Restructuring cost
Explanation:
Restructuring cost could be described as making expenses on rejuvenating or reviving or rebranding the company through spendings, which affects most of it's mode of operations, brings a change and innovation and ways to improve existing methods. This is capital intensive due to the work and changes required during the process.
