The main purpose of a business is to make profit. A businessmen will feel secure to operate his business activities in a country where he feels himself and his business activities secure.
When the shops and malls are looted in a country, the businessmen will have feeling of insecurity and so they will shut down their business activities because whatever profits they make from running business, it is looted by robbers.
There is always some social responsibility of the citizens that even in case of emergency situations they should not be unethical activities and indulge in criminal activities.
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The industry’s under-production is causing society will be deprived of a net gain since the next panel that is produced will have a higher consumer value than the expenses of producing it.
This is further explained below.
<h3>What is the industry?</h3>
Generally, An industry is a sector of an economy that generates a group of closely linked raw materials, commodities, or services, according to the macroeconomics definition of the term.
One may, for instance, make reference to the insurance sector or the timber industry.
In conclusion, Due to the fact that the industry is manufacturing fewer panels than it should be, society will be deprived of a net benefit.
This is because the consumer value of the next panel that is manufactured will be greater than the costs associated with making it.
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Answer: "B) Difficult entry, C) Mutual interdependence, D) Market control by a few large firms" are other characteristics of this market structure.
Explanation: An oligopoly is a market structure where there are few relevant competitors and each of them has some capacity to influence market variables (such as price and amount of balance).
The Oligopoly characteristics are:
Small group of producers.
Producers can influence the price and market quantity.
They are strategically interdependent speaking.
There are usually barriers to entry for new producers.
The product offered can be interchangeably homogeneous or differentiated.
Answer:
The depreciation deduction for the year is $583.33
Explanation:
Depreciable basis = $7,000
Number of years = 7 years
Depreciation per year = $7,000 / 7 years
Depreciation per year = $1,000 per year
Assuming year end is December 31, 2019
Number of month passed in 2019 = December 31, 2019 - June 1, 2019 = 7 months
Depreciation for the year 2019 = $1,000 x ( 7 / 12 ) = $583.33
So the depreciation deduction for the year is $583.33
The answers are the following; assortment warehouse and spot
stock warehouses.
It is because the assortment warehouse the capability of
carrying goods in a long period of time while the spot stock warehouses only
has seasonal goods that are placed or focused on.