A necessary capital resource is a A place to open the shop. And <span>license to conduct business is also important.</span>
Answer:
B. Whether an action is objectively right depends on its consequences
Explanation:
Ayn Rand developed the theory of Objectivism. Objectivism according to her is the philosophical idea, that every thing people do, be it the pursuit of education or financial security is done simply for the purpose of preserving the human life. This theory promotes selfishness over altruism. It also advocates realism. Every other thing people do is supposed to conform to that which is the fact.
This theory also opines that if our philosophy of life is correct or right, then we would be successful. But if our philosophy of life is wrong, then the consequences would be inimical.
Answer:
They all are barriers to entry.
Explanation:
For an imperfectly competitive firm: the marginal revenue curve lies below the demand curve because any reduction in price applies to all units sold.
