It helps expand the operation so more people know about it. Hope that helped :)
Answer:
B. obtaining inputs at lower prices and selling the output at higher prices.
Explanation:
Arbitrage refers to the activity of trying to earn a gain, by exploiting the inefficiencies between two markets. The rule of arbitrage is to buy at a low price from one market and sell at a higher price in another market.
When interest rate parity theory exists and fair pricing prevails, arbitrage opportunities are wiped out.
Entrepreneurial innovation refers to innovation with respect to products and their attributes. It may also refer to entrepreneur attaining new skill sets and creativity which help in better operations.
Such innovation is also characterized by buying inputs at a lower price and selling the output at a higher price thereby maximizing profits. Buying inputs at a low price indicates innovation in the form of optimal utilization of resources.
Thus, both arbitrage and entrepreneurial innovation are driven by the common factor of buying low and selling high, to maximize gains.
Answer:
Explanation:
Base on the scenario been described in the question, if raj is sure that Mary will cooperate, then the possible outcomes of Raj's is $200 and $150 .
If Mary thinks that Raj will cheat and work independently, then Mary will also cheat and work independently because if cooperate and Raj cheats, then Mary will not have anything.
