Answer: simply because the absence of competition from other firms frees the monopoly firm from having to adjust the prices it charges downward in response to the competition. ... Absent that competitive atmosphere, a sole provider can set the price he or she wants
Explanation:
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Under new jersey law, inline skaters, skateboarders and bicyclists have the same rights and responsibilities as moving motor vehicle.
Must ride for at least 6 months if under 21 and 3 months if over 21 without any suspensions or postponements. Motorcycle permit riding restrictions must be followed. You must bring your own registered and insured motorcycle, helmet, and eye protection.
No one shall operate or ride a motorcycle unless he wears a securely fitted protective helmet of the appropriate size and type approved by the federal DOT. A helmet of this type must have a neck or chin strap and be reflectorized on both sides.
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When a blue ocean strategy fails, a company lacks both a distinct point of uniqueness and a distinct cost-leadership profile. The phrase <u>"stuck in the middle"</u> describes this circumstance.
<h3><u>What does "Blue Ocean Strategy" entail?</u></h3>
Blue Ocean Strategy is applicable to all industries and types of businesses. It is not exclusive to a single company. In the current business climate, the majority of businesses compete fiercely for market share. The viability of a company's operations is always a possibility when the product is subject to pricing pressure.
This circumstance typically arises when the company is competing in a crowded market, also referred to as a "Red Ocean." Businesses aim to locate verticals or new company opportunities where they can enjoy uncontested market share or a "Blue Ocean" where there is little possibility for growth. There is a "blue ocean" when there is the potential for larger profitability despite existing or insignificant competition.
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Answer:
False
Explanation:
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