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mihalych1998 [28]
3 years ago
7

A monopoly has produced a product with a patent for the last few years. The patent is going to expire. What will likely happen t

o the demand for the patent-holder's product when the patent runs out?
Business
1 answer:
denis23 [38]3 years ago
6 0

Answer:

Demand for the patent-holder's product will decrease when the patent runs out.

Explanation:

While there is a patent over a product, only the patent-holder's can sell that product. If there is a monopoly it means that that company is the only one that produce and sell this product.

When the patent run out new competitors will enter the business, so the demand on patents holders will decrease.

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The rationing function of prices refers to the fact that government must distribute any surplus goods that may be left in a comp
natulia [17]

Answer: false

Explanation: The rationing function of price describes the way in which the use of price is done for rationing of several scarce resource. This is done automatically by the market forces of demand and supply as when the demand for a commodity exceeds its supply the price of the commodity rises leading to decrease in demand.

Thus, rationing function states to ration the goods and distribute them carefully and not to distribute the surplus amount.

4 0
3 years ago
Which of the following occupations would be best suited for someone with an intuitive-feeling style?A. Public relations B. Adver
Hitman42 [59]

Answer:

Politics

Public relations

Explanation:

There are 4 styles of learning namely:

- Sensing uses their senses to understand the world. They verify first for themselves them they believe

- Intuitive perceives inner meaning in how people relate with each other. Usually they don't just take what they see but look for deeper significance.

- Thinking the individual looks at facts and verifiable information. Thinks in terms of cause and effect.

- Feeling is based on like and dislike. They don't use logic but rather implied meaning of actions.

So for a intuitive-feeling style are those who continuously seek for self expression. They are not comfortable with routine tasks. Do not like following set procedures but act intuitively.

These set of people will do better on politics of public relations

6 0
3 years ago
What term refers to a set of approaches and techniques a firm employs to efficiently integrate suppliers, manufacturers, warehou
Dennis_Churaev [7]

Answer:

Supply Chain Management

Explanation:

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