The law firm that Michael Wong and Sanjay Patel started
together is an example of general partnership. The general partnership is a way
where partners have an arrangement of joining together in one business that
will provide them unlimited liability in terms of the obligations in their
partnership.
Answer:
D
Explanation:
I'm not positive, however it does add up to a realistic value.
Game theory suggests that competing firms in an oligopolistic industry may be reluctant to change prices because they anticipate that rivals will match price cuts but ignore price increases.
<h3>What is Game theory?</h3>
Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.
Dominant strategy is the best option for a player regardless of what the other player is playing. Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.
Here are the options:
. too quick to raise prices because they will fail to anticipate that rivals may gain market shares.
b. reluctant to change prices because they anticipate that rivals will match price cuts but ignore price increases
c. reluctant to change prices because they anticipate that rivals will ignore price cuts but match price increases
d. too quick to cut prices because they fail to anticipate that rivals may also cut their prices.
To learn more about game theory, please check: brainly.com/question/25746243
Answer:
The correct answer would be option C, Cover Braking.
Explanation:
Urban areas are the city areas where there is a lot of traffic in the normal timings and sometimes, the traffic is at the peak when there are office hours, school hours, lunch times, closing times, etc. So it is really hard to drive during the peak rush hours. The best technique to drive in the traffic hours is the Cover Braking. Cover braking is the technique which is used in the urban areas to avoid crashing or accidents. In this technique the right foot is hold in the air rather than putting on the acceleration, closed to the brake paddle, in order to push the brake paddle immediately if needed. By this technique, the people can drive safely in the high traffic areas.