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Answer:
B. one firm has the exclusive ownership of a scarce resource.
Explanation:
Monopoly can be regarded as market structure whereby a single seller thrives, this is a structure whereby the seller sells a unique product in the market. As far as monopoly market is concerned, no competition is been encontered by the manufacturer , because he is the only one selling goods with no close substitute. As a result of this there is restrictions of the entry of other sellers in the market.
It should be noted that monopoly may exist because one firm has the exclusive ownership of a scarce resource.
Answer:
The correct answer is letter "B": A change in the price of oil.
Explanation:
The supply curve for any good or service responds in front of changes in price. According to the supply law, if the price of a good or service increases so will the quantity supplied moving the supply law to the right. If the price of the good decreases so will the quantity supplied moving the supply curve to the left. The price-quantity supplied relationship is directly proportional.
Answer:
Contractual
Explanation:
The complying with the terms of a sales contract, and the secondary duties of theory of a business's duties to consumers claims that a business has four main moral duties.
Melissa's characteristics that are not consistent with entrepreneurship is that Melissa tends to put things off until later.
<h3>What is entrepreneurship?</h3>
Entrepreneurship refers to the activity of setting up a business that takes financial risks in the hope of profit.
The missing options in the questions are
- Melissa has high self-confidence.
- Melissa tends to put things off until later.
- She is untroubled by uncertainty.
- She has a high need to achieve.
- She has a high energy level.
Melissa is a very good middle manager. However, she has for a very long time wanted to open her own business. Melissa's characteristics that are not consistent with entrepreneurship are she tends to put things off until later.
Therefore, B is the correct option.
Learn more about Entrepreneurship here:
brainly.com/question/18203575
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