Answer:
monopoly
Explanation:
In a monopoly market, a single firm sells a product with no close substitutes in a large market. It means that the single firm has no business competitors in the market. Without competition, the firm has the power to set prices, quality, and quantity without worrying about how customers will react.
In a monopoly market, customers have no choice since competition is absent. Customers have to do with high prices, limited varieties, and limited innovation, unlike in market structures that have business competition. Competition results in increased innovation, quality products, and a variety of products at fair prices.
Answer:
car production would decrease or slow down rapidly due to most car parts being made of steel, such as steering and suspension parts
Answer:
D.
discouraging the use of products like alcohol and tobacco
Explanation:
Excise taxes can be regarded as taxes that are been paid after purchasing a particular goods such as gasoline, it is also extended on activities like usage of high ways.. It should be noted that besides raising revenue, discouraging the use of products like alcohol and tobacco is another important use of excise taxes.
A business owner would
most likely create a cooperative instead of buying a franchise because:
- if he’ll buy a
franchise he has to buy raw materials and products from suppliers nominated the
franchisor
<span>- he has to follow the rules set by the
franchisor, even if they do not bring the maximum benefit to business</span>
<span>- stringent
restrictions on going out of business may be established for franchisees</span>
