The given excerpt is an example of predatory pricing
.
<u>Explanation:
</u>
Predatory pricing is a pricing strategy that identifies a product or service at a very low price, aimed at new customers or at taking competitors off the market or at creating barriers for new potential competitors.
However, it is hard to prosecute the claims of this activity because defendants make an argument that low prices are part of normal trade instead of a concerted attempt to disrupt the economy. Yet predatory prices are always not efficient because of the problems of restoring lost revenue yet removing rivals effectively.
Consumers may benefit from lower prices in the shorter term, but they will suffer if the strategy succeeds in reducing competition, and prices increase and choice decreases.
Answer:
b. higher consumer income
Answer:
15.7
Explanation:
In this question we have the following information
Employment in Motor Vehicle manufacturing within city = 12643
Total employment in motor city = 560379
Total individual employment = 152750
Total employment = 106201232
We get the location quotient as
(12643/560379)/152750/106201232
0.02256/0.001438
= 15.69
This is approximately
15.7
Therefore the location quotient = 15.7
Answer:
c. Bruce owns Buster, a large dog who barks whenever anyone walks near his house. Betty lives next to Bruce, and Buster's barking can be heard whenever anyone walks near her house, too. Thus, Betty receives free protection from burglars because of Buster's barking
Explanation:
Free rider is a form of market inefficiency that occurs when people benefit from a good or service but do not pay or underpay for the product.
Betty is receiving free protection from Bruce's dog.
I hope my answer helps you
Answer:
assessing the costs and benefits of the research.
Explanation:
When a researcher embarks on a project and discovers that the costs of collecting the primary data overruns the benefits to be derived from the research, the researcher should reconsider whether to collect the primary data or not. Researchers regularly assess the costs and benefits of collecting primary data before fully embarking on data collection. If the costs outweighs the benefits of the data collected, then it is not beneficial to use primary data. Instead, the researcher can rely on secondary data. For every project, the costs and benefits are important considerations that determine whether a research or project goes ahead or not.
