Answer:
Market failure
Explanation:
Market failure is the economic situation where goods and services are not evenly spread out on the market.
In question resources (location) is in favour of New Monopoly seaport and shipsbare forced to wait and enter the port.
Ideally, in a free market resources are to be efficiently distributed so that people do not have to go to only one place to get a good or service.
It is similar to a monopoly in the free market.
Answer:
I don't know the exact answer but I guess it will be option (B) process materials
Answer: Variable cost pricing
Explanation:
Marianne wants to sell in Mexico by setting the selling price in such a way that she adds the total variable cost to the markup. This way she would meet her cost and gain some level of profit.
Answer:
Firm A is uniquely situated to the pioneering research and firm B is uniquely situated to application development. There are significant differences arising from broad patent law and narrow patent law. Firm A conducting pioneering research and Firm B conducting development application in this situation the incentive problem is solved when transaction cost is zero. When the transaction cost is zero the breadth of the patent will not matter to the economic efficiency So long as the can bargain with each other. The bargain between inventors is cost-less and makes efficient contracts.
When the transaction cost obstructs the bargaining between the suppliers of pioneering research of and development of application problem arises. The solutions to the problem are lubricating bargaining and allocate rights to the firm who values the most.
Patent protection for the pioneering inventions should be broader for the little standalone value. In contrast patent protection for pioneering invention should be narrower for large standalone value.
Hence the above difference lies in investment from broader patent law and that of the narrower patent law.
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