Answer:
The answer is economies of scale .
Explanation:
Government license, patents and public franchise are all forms of legal barriers that prevents new entrants from copying, imitating or entering the market. However, economies of scales are a economic barrier that arises due to the scale of operations of a firm and is not a legal barrier.
Answer:
B) Supply is inelastic, therefore, the price increased more than it otherwise would have.
Explanation:
The price elasticity of demand (PED) measures how much the quantity demanded of a product or service changes proportionally to a change in the price of the product or service.
If PED < 1, the demand is inelastic
PED > 1, the demand is elastic
PED = 1, the demand is unitary
When the PED is inelastic, if the price of a product or service changes 1%, then the quantity demanded will change less than 1%.
In this case the price increased a lot, but the quantity demanded only decreased a little bit.
Answer:
emphasizes on completing work on time without any unreasonable delays.
Explanation:
Leadership is the trait that an individual has that inspires others to give their best and motivates them to achieve higher standards in work and their personal lives.
In this instance Stephen the CFO of Pluto Inc is considered to be a very organized and disciplined leader by his employees.
This is because he emphasizes on completing work on time without any unreasonable delays. Stephen gas set a standard that inspires his employees and so they look up to him.
Answer:
B. the area bounded by the demand curve for X and the two axes
Explanation: