When a product becomes less differentiated from other products, its demand curve becomes<span> flatter
The Demand curve of the company is much more influenced by prices rather than types of products. Creating new recipes for the pizza will only give the customers an additional option for substitute product, doesn't necessarily make them to buy more products.</span>
Answer:
$3,168
Explanation:
We will receive $4000 in future (after 4 years time) which means all we want to know is the amount that we Derek must deposit today.
This present value of the $4000 payment received after 4 years from today can be calculated using the following formula:
Present value = Future Value / (1 + r)^n
Here
Future Value is $4000
r is 6%
n is 4 years
So by putting values, we have:
Present value = $4000 / (1 + 6%)^4 Years
Present value = $3,168
This began to change when president Truman started a campaign called the trust buster
Truman passed endless laws like the meat inspection act and he made monopolies illegal.
Beatniks were also influential in Truman's time for writing novels exposing this reality.
Year 1900 to be approximate
Answer:
True
Explanation:
A more precise way to describe the situation is that Joe's pizza parlor is a monopolistic competition. But that definition considers that all 'food' items have some degree of close substitute relation.
But yes, if you consider this two conditions:
- a broad definition of monopoly
- other restaurants are not considered close substitutes for the food sold at the pizza parlor
Then yes, Joe has monopoly
Answer:
Compromising
Explanation:
Compromise is a basic negotiation process which involves both parties giving up something that they want so as to get something else they want the more. In compromise situations, neither of both parties gets all of what they really want, but they each make concessions so that they will be able to reach an agreement that will be acceptable to both.
Compromising approach intends to discover a feasible, mutually acceptable solution that partially satisfies both parties involved in the conflict while still maintaining some level of confidence and cooperativeness.
