Monopolies engage in price discrimination possible because they can get away with it.
A monopoly is where only one seller sells a particular good. Because of this, the seller has the power to dictate the price of the good to the extend of giving the good the highest price possible that a consumer is willing to pay.
Consumers must pay the price of said product because they can not get the same product from any other seller.
Answer: Purpose is something that influences goal. And objective is the specific action which one try to achieve as a short term plan.
Explanation:
Answer:
Option B, Jamal is entitled to revoke acceptance because he took back the motorcycle after the seller's assurance that the nonconformity would be cured.
Explanation:
The primary purpose of purchasing goods is to obtain conforming goods of the desired quality. Occasionally, the seller delivers non-conforming goods, goods that fail to meet the contractual obligation (obligations include: seller's description, statements promises...). In situations like this the buyer may revoke his acceptance if already accepted or reject the delivery upon discovery.
If delivery is already accepted, acceptance may be revoked;
* On the reasonable grounds that its non-conformity would be cured and it has not be cured.
* Without discovery of such non-conformity if his acceptance was reasonably induced either by the difficulty of delivery before acceptance or by the seller's assurances.
Therefore, option B best suits the question. Under these circumstances, Jamal is entitled to revoke his acceptance because the he took back the motorcycle after the seller's assurance that the non-conformity would be cured which was not, even after several complaints.
Fees charge = 2%
Investment worth = $500,000
Amount due = 2/100 * 500,000 = 10,000
The amount Andrew will receive as compensation is $10,000.
Answer:
The answer is;
people trade goods directly with goods rather than through using money
Explanation:
In that a barter economy, people trade goods directly with goods rather than through using money.
Money is not used in a barter economy. Barter economy was experienced a very long time ago.
For example, Mr A. has yam at home but needs rice, he has to look for someone that wants yam in exchange for the rice he needs
