Answer:
When marginal cost meet with the demand curve
Explanation:
<em>The industry will do the most efficient allocation of resources when the marignal cost met the demand curve. </em>
When that occur the cost of producing an additional unit matches the amount the consumers are willing to pay for it thus, are in equilibrium.
The government will also have to look for the marginal revenue at this point to determinate wheter or not to subsidize the monopoly or not to avoid going bankruptcy
Answer:
savings
Explanation:
Savings are part of income kept aside to be used in the future. Savings can be done in lump sum or phases. The amounts saved maybe some specified or unspecified purposes. One reason why saving is encouraged is to create a fund for use in times of emergency.
The general rule is that individuals or households should have at least three times their monthly expenditure as savings. The funds should be in a safe and accessible place, such as a bank account. Financial planners will always insist on creating a fund for use when the unexpected happens.
<span>Margaret Rousseau developed techniques to mass-produce: penicillin.
Explanation: Margaret Rousseau was a chemical engineer who designed the first penicillin production plant
An entrepreneur is best defined as a person who: takes financial risk to try new business ideas
Explanation: The element of financial risk is inherent in entrepreneurship.</span>
Answer:B. Create a lasting competitive advantage.
Explanation: Nike is a world renowned sports wear Company,known for its strategy to create a lasting competitive advantage over other sports wear companies. Nike applies different technologies to improve its market by creating a "market Niche"through the use of information technology to focus on a specialized market, Nike use information technology to differentiate products and provide new products and services to its customers. Nike have different Apps that has enhanced its competitive advantage such as Nike+ devices, Nike+ running app etc.
