Answer:
According to the neoclassical theory and behaviroual economics:
Have unbounded willpower
.
Explanation:
Reason: Since Karen is paying the trainer to build her willpower and make her do workout, it is violating the economic assumption that people have unbounded willpower.
Answer:
Market skimming
Explanation:
Market skimming is pricing strategy of organizations under which a product is priced higher when it is introduced to make maximum profit and after the product seeps in to the market, then price is reduced.
This pricing strategy is adopted by organizations that introduce an innovative product in the market that has the potential to be priced higher.
Apple followed this strategy as it introduced first iPod which was new to the market at considerably higher price of $500. This was possible as there were no competitors. Afterwards, it reduced the price of next version as then many competitors entered the market.
Answer:
True
Explanation:
A publicly owned corporation is a company is a company owned by shareholders. This type of company's shares is freely traded on a stock exchange
Characteristics of A publicly owned corporation
- Limited liability. the liability of owners are limited to the amount invested
- Central management. The company is manged by board of directors and managers and not the shareholders
- the company is a legal entity.
Someone must write a check
Answer:
Perfect competition is a type of market structure where products are homogenous and there are many buyers and sellers. ... Whilst perfect competition does not precisely exist, examples include the likes of agriculture, foreign exchange, and online shopping.
Explanation:
