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padilas [110]
3 years ago
5

A baseball fan with a Mike Trout baseball card wants to trade it for a Giancarlo Stanton baseball​ card, but everyone the fan kn

ows who has a Stanton card​ doesn't want a Trout card. Economists characterize this problem as a failure of the___________.
A. principle of a double coincidence of wants.
B. theory of comparative advantage.
C. irrational exuberance doctrine.
D. market clearing mechanism
Business
1 answer:
weeeeeb [17]3 years ago
3 0

Answer:

The correct answer is option A.

Explanation:

The double coincidence of wants or coincidence of wants refers to the situation where two parties possess items that the other one wants so they exchange it directly without using money.  

Here, a fan possesses a Mike Trout baseball card who wants to trade it for a Giancarlo Stanton baseball​ card but he does not know anyone who wants a Trout card and possesses a Stanton card.  

Simply put, the fan doesn't know anyone who possesses the item he wants and is willing to trade it for the item he possesses. This is an example of failure in the double coincidence of wants.

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3 years ago
Wedding Photos. Bobby took a number of wedding photos at Jill's wedding. He was paid as the photographer. On all of the photogra
algol13

Answer:

He would register merely by affixing the appropriate symbol at the bottom of the photograph followed by first date of publication and his name.

Explanation:

Wedding Photos. Bobby took a number of wedding photos at Jill's wedding. He was paid as the photographer. On all of the photographs, he appropriately noted in the bottom right corner the necessary information showing that he was claiming copyright protection. Jill came to see Bobby three years after the initial photographs were taken and requested that he grant her permission to make as many copies as she wanted at the local photoshop from the pictures that she initially purchased. Photoshop had refused to reproduce the photographs without his permission. When he refused to give her permission to do so, Jill started a heated argument. She told Bobby that photographs are not entitled to copyright protection. She also told him that even if he was correct that there was some copyright protection, she was engaged in fair use, and in any event, damages for copyright infringement are unavailable. If Bobby decides to register the photographs under copyright law, He would register merely by affixing the appropriate symbol at the bottom of the photograph followed by the first date of publication and his name.

8 0
3 years ago
cassandra is a lawyer for a large company, and she will be hosting a virtual meeting to discuss an impending merger with a compe
natita [175]

Cassandra be sure to include on her agenda that the time zone would not be necessary if she were hosting the meeting in person.

A meeting is a gathering of two or more people to discuss one or more issues and is often held in formal or business settings, but meetings can also be held in a variety of other settings. increase. A meeting can be used as a form of group decision-making.

Conference types are: Formal meetings, annual general meetings (AGM), statutory meetings, board meetings and informal meetings. A conference or multiple "conferences" can be defined as: “A gathering of people.

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8 0
1 year ago
Rivalry among existing competitors is ________ when competition is fierce in a market and ________ when competitors are more com
anygoal [31]

Answer:

Rivalry among existing competitors is high when competition is fierce in a market and low when competitors are more complacent.

Explanation:

The market in this case is a general place or area where the business of trade can be conducted. The trade is usually for commercial purposes. In a market where there are many parties involved particular in the sale of the same goods or services, competition is likely to develop. Competition in the context of marketing is the activity of a company or business trying to gain an upper hand over the other party. Competition is always over the same products and services or over similar target audience. The main aims of competition in business is to achieve more sales or to gain a larger share of the market over the competition. Business competition is important due to various factors; improves service delivery, makes the business better, improves employee efficiency and also boosts innovation.

An existing competition in a market can be defined as either high or low depending on the level of aggression by the competitors in that market. A fierce market is one where the competitors are very aggressive, this means that the rivalry among existing competitors is high. On the other hand, when the competitors are complacent, the rivalry in the market is low

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3 years ago
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