In this situation, we can be certain that price will <span>fall in the short run. All, some, or no firms will shut down, and some of them will exit the industry. Price will then rise to reach the new long-run equilibrium.
When demand increases, more and more companies will try to lower the price of the products so they are favored among their competitors. Because of the harsh competition, some firms will not receive enough sales and will opt out to close down their business but some will survive and thrive.</span>
Answer:
c. made a contract in State
Explanation:
Jurisdiction is the ability of a court to sue a person and ask him to come to court. Of a court does not have a jurisdiction on a person they will not be able to issue a judgement on that person.
Long arm jurisdiction is one that enables a court prosecute a person that does not reside in the state.
However the person must have sufficient minimum contact in the state to enable the state prosecute him.
For example if a person makes a contract in a state and violates that contract, the state can prosecute him even if he lives in another state.
The same thing the person above me said:)
Answer: The _youth_ of an organizational life cycle is characterized by growth and the expansion of organizational resources.
Explanation:
