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gulaghasi [49]
2 years ago
9

Logistics Trucking Company operates a fleet of fuel trucks. When one of the trucks is positioned to receive a load of biofuel, i

t strikes a storage tank owned by Metro Biofuel, Inc. For the cost of repairing the damage to the tank, Metro is most likely to be awarded _________.a. punitive damages.
b. compensatory damages.
c. contingency fees.
d. none of the choices.
Business
1 answer:
AleksandrR [38]2 years ago
5 0

Answer: b. Compensatory damages

Explanation:

Compensatory damages could be defined as money awarded to a party that brings a suit in civil law against a defendant; accusers for damages, or loss incurred. They are awarded in civil court. The aim of this is to help the plaintiff recover from their losses which was caused by the accused. For the accident that occured, Metro is most likely to be awarded a compensatory damages since they were hit by Logistics Trucking Company vehicle, the Metro would use the money received to fix their vehicle.

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The answer is D because the monopoly is the hardest to get into.
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4 0
10 months ago
Which type of tax is paid by businesses on their profits to federal or state governments?
Anna11 [10]

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Corporate income tax

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5 0
2 years ago
Two companies share a market, in which they currently make $5,000,000 each. Both need to determine whether they should advertise
snow_tiger [21]

Answer: Please refer to Explanation.

Explanation:

Two Companies. We shall call them A and B.

If A and B decide not to advertise, they both get $5,000,000.

If A advertises and B does not then A captures $3 million from B at a cost of $2 million meaning their payoff would be,

= 5 million - 2 million + 3 million

= $6 million.

A will have $6 million and B will have $2 million as $3 million was captured from them. This scenario holds true if B is the one that advertises and A does not.

If both of them Advertise, they both reduce their gains by $2 million while capturing $3 million from each other so they'll essentially both have just $3 million if they both decide to advertise.

With the above scenarios, it is better for both companies to ADVERTISE if there is NO COLLUSION. This is because it ensures that they do not get the lowest payoff of $2 million if the other company decides to advertise and they do not.

However, if they DO COLLUDE. They must both decide that NONE of them SHOULD ADVERTISE and this would leave them with their original $5 million each which is a higher payoff than the $3 million they will both receive if they were both advertising.

3 0
3 years ago
Suppose that an American-made pair of blue jeans has a price of $80. If the exchange rate is $0.095 = 1 peso, then a Mexican con
Natasha2012 [34]

Answer:

The correct answer is 842.1 Pesos and 941.18 Pesos.

Explanation:

According to the scenario, the given data are as follows:

Price of Jeans = $80

So, if exchange rate is $0.095 = 1 pesos

Then pesos required to buy that jeans can be calculated as follows:

Pesos required = $80 ÷ $0.095

= 842.1 Pesos

And if 1 Pesos = $0.085, then

Pesos required = $80 ÷ $0.085

= 941.18 Pesos

8 0
3 years ago
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