Answer:
I know what I have offered you; I don't know what you have.
C. the Size of the Market.
The reason is that you moved your Lemonade Stand to a more populated area. The consumer's interest in your lemonade hasn't changed, the only thing that changed is the amount of people in the area seeing the stand. You have thus expanded your market to a larger group.
The answer to the item above is:
False
Statistical discrimination talks about racial and gender inequality based on stereotypes while reverse discrimination refers to discrimination against members of a historically majority, or the advantaged group. Discrimination has a lot of layers that makes it tough for minorities to get a leg up.
Answer:
Reverse Auction
Explanation:
Reverse Auction -
It is a type of auction process , where the positions of the buyer and the sellers are interchanged , is known as reverse auction .
In this case , it comprise of many sellers with one buyer .
Hence , in this case , the sellers compete to get the business from the buyer and therefore the price reduces as the sellers underbid each other .
From the question , the information is given about reverse auction .
