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Liono4ka [1.6K]
3 years ago
5

Vicky and Lee vacation in Cancun, Mexico, every year. They purchased the right to stay in a beach condo for the first two weeks

in May, and their agreement continues for the next 10 years. They don’t actually own the unit. What did they purchase?
Business
1 answer:
Crank3 years ago
6 0

Answer:

The answer is timeshare

Explanation:

A timeshare is a way for a number of people to share ownership of a property. Timeshare is fractional ownership in a vacation property. Each buyer usually purchases a certain period of time in a particular unit.  Almost all timeshares are resort or vacation properties.

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When new firms enter a monopolistically competitive​ market, the economic profits of existing firms A. will decrease because the
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Answer:

The correct answer is option A.

Explanation:

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