Answer:
True
Explanation:
A more precise way to describe the situation is that Joe's pizza parlor is a monopolistic competition. But that definition considers that all 'food' items have some degree of close substitute relation.
But yes, if you consider this two conditions:
- a broad definition of monopoly
- other restaurants are not considered close substitutes for the food sold at the pizza parlor
Then yes, Joe has monopoly
A shortsighted view of customer interaction shows that: You should figure that a customer calls or comes in, service is provided and then the customer goes away
Shortsighted view customer interaction refers to the way we describe an ideal customer interaction in a simplistic way.
Every good sales person have been trained to spot what the customer need and how to influence that customer to choose the product that will bring the most profit to the business.<span />
Franchises, they start off as some people to a majority of people
Answer: Because investing in Mutual Funds less risky because it is diversification and professionally managed where as a company's stock is not.
Answer:
Simone, Yakov and Ana could possibly be right.
Explanation:
The price of fell but the quantity remained the same.
If an elastic demand shifts the demand curve will move to the left. This would cause both prices as well as quantity to decline. So Rajeev's statement is not correct.
This can be because of the inelastic supply curve. If the supply curve is an inelastic vertical line then a fall in demand will not affect quantity while the price will fall. So, Simone's statement can be right.
If there is a decline in the demand curve will shift to the left. Now, if there is an increase in the supply by the same amount the price will fall but quantity will remain the same. So, Yakov's statement is right.
If supply increased but the demand curve is perfectly inelastic, the rightward shift in the supply curve will cause the price to fall but quantity will remain the same. So, Ana's statement is right.
if the demand curve is unitary elastic, an increase in supply will cause the price to fall and quantity to increase. So, Charles' statement is not correct.