Answer:
C) The demand curve facing each restaurant owner becomes more elastic.
Explanation:
Evidently, the competition increases when a new player enters the market. By entering the market with a new, specialized restaurant, the demand curve of each restaurant becomes more elastic. That is because consumers have more restaurants to compare the price, so they can go for the most convenient. When that happens, the demand is more sensitive to price change.
The type of distribution system that is owned by the manufacturer throughout the channel of distribution to the retail stores is a corporate distribution system.
<h3>What is distribution system?</h3>
Distribution system refers to the moving of the goods and services and equipment to final end users from the manufacturer or producers.
It involves comprises logistics and the procedures which is required for the flow of the goods and services to the users.
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Answer: $200,000 and its economic profits were zero.
Explanation:
First and foremost, we should note that when calculating accounting profit, the implicit cost isn't taken into consideration.
Therefore, the accounting profit will be:
= Revenue - Explicit Cost
= (4000 × 300) - Explicit cost
= 1,200,000 - 1,000,000
= 200,000
Then, Economic Profit will be:
= Accounting profit - Implicit cost
= 200,000 - 200,000
=0
Therefore, its its accounting profits were $200,000 and its economic profits were zero.
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One of the phases of drug development is the post-marketing surveillance phase. Report adverse effects to FDA, is the activity carried out during this phase
This is further explained below.
<h3>What is drug development?</h3>
Generally, Medicine development is the method of getting a novel pharmaceutical product onto the market after identifying a lead chemical via drug discovery and development.
In conclusion, The post-marketing monitoring phase is one of the stages that are included in the medication development process. Notifying the FDA of any unintended consequences is the action that is carried out at this phase.
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complete question
One of the phases of drug development is the post-marketing surveillance phase. Which activity is carried out during this phase?
Health care providers report adverse effects to FDA.
Healthy volunteers are involved in the test.
In vitro tests are performed using human cells.
The drug is given to clients with the disease.
