Answer:
The correct word for the blank space is: price war.
Explanation:
An Oligopoly is when a small group of two or more companies dominates a market. Oligopoly firms may consent to market collusion, and create barriers to new commerce entry. If the businesses do not, they will probably be forced to lower their prices and open the market to new and smaller companies.
<em>In the event one of the firms forming the oligopoly decides to lower prices, a </em><u><em>price war</em></u><em> occurs breaking the balance of the oligopoly and destabilizing the equilibrium of demand and supply in that market.</em>
Answer:
Credit Risk Manager. Also referred to as: Manager - Credit Risk Management. Requirements and Responsibilities. Develops and implements policies and procedures that reduce credit risk for a financial institution. Manages the building of financial models that predict credit risk exposure to the organization.
Answer: Recognition from the class of persons that patronize their product
Explanation:
Linkedln is a site that attracts professionals from different field of study who network amongst themselves, educate each other, share information and jobs for the benefit of others in the same field.
Advertisers might be interested in this group because their target audience are mostly found there. A large mass of individuals use social media now and when many of these professionals want information or persons who can take up roles in openings in their firms they come to linkedln
Answer:
scarcity
tradeoffs
Explanation:
Humans have unlimited wants and the resources available to satisfy this wants are limited. Thus, humans have to choose the most important wants and give up less important wants.
For example, if you have $20 and you want to buy a textbook , ice-cream or jeans. Each cost $20. If you need the textbook to study for a test, you would choose the book. Here $20 is the scarce resource. jeans and ice cream are what you traded off
The person is called a hotel desk clerk
