RJR Nabisco allows a company in Singapore to use its brand name and recipes to produce and sell one of its products - Planters Nuts. This type of international arrangement is called licensing.
<h3>What is
licensing?</h3>
Generally, licensing is simply defined as granting someone formal authorization to do, have, or sell something: In many nations, licensing is used to determine who should sell what.
In conclusion, a license shows the authenticity of a producer.
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Answer:it’s D
Explanation: Just answered it
Answer:
Equilibrium price is $8
Equilibrium quantity is 21
Explanation:
Equilibrium occurs where quantity demanded equals the quantity supplied. At equilibrium, both buyers and sellers are satisfied and there's no incentive to change the price and quantity demanded.
Equilibrium price is the price where equilibrium occurs. In this question, it is $8.
Equilibrium quantity is the Quanitity where equilibrium occurs. In this question, it is 21.
Graphically, equilibrium is found where the demand curve intersects the supply curve.
Please check the attached image for a graphical representation of Equilibrium.
I hope my answer helps you