Answer:
Implied warrenty
Explanation:
The sale itself constituted an implied warranty of merchantability but not an express warranty or a warranty of fitness for a particular purpose.
Liquidation or the most frequent type of bankruptcy for individuals is straight bankruptcy. Your assets—anything you own with monetary value—are liquidated (sold) under the supervision of a court-appointed trustee in order to satisfy your debts.
<h3>How can bankruptcy be avoided?</h3>
preserving a positive cash flow, choosing a change in management, basing decisions on a business strategy, maintaining correct financial records, and maintaining excellent relations with creditors.
<h3>Which two primary categories of bankruptcy are there?</h3>
There are two distinct categories of bankruptcy cases out of these five types: 1) Straight/Liquidation, 2) Reorganization—the latter requires the designation of classes of claims and interests in the reorganization plan.
To know more about the Straight bankruptcy visit :-
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Answer: higher; lower
Explanation:
From the question, we are informed that three firms are currently producing and selling in a market. When one of the three firms exits the market, economists expect that there will be a rise in the equilibrium price while there will be a reduction in the equilibrium quantity.
This is because when one producer leaves, there will be less supply of the good that is sold, this will eventually lead to a rise in price.
very pretty but dont have that money :(