3 years ago

A good that is both nonexcludable and nonrival-in-consumption is called a

Business

1 answer:

Natalka [10]3 years ago

4 0

Answer:

The answer is: Public goods

Explanation:

Public goods are provided by government entities and many times they are given for free or at a very low subsidized price. Public goods are non-excludable since everyone is entitled to use them (e.g. streetlight). Also public goods have no rivals that compete with them (e.g. law enforcement). Most of the public goods are free, but some exceptions exist like the US Mail.

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Bob, a merchant, makes an offer to Linda, another merchant, to buy 1,000 of her widgets in a signed letter containing all necess

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Answer:

a. Linda's acceptance is effective and a contract is created.

Explanation:

A contract is created when there is an offer and acceptance of a transaction. When the contract is created it is enforceable and not revocable unless with the consent of parties involved.

Bob made an offer to Linda to buy her 1,000 of her widgets. The offer is open for 3 weeks and Linda accepted the offer within one week.

Although Bob tried to revoke the offer, since Linda has accepted it the contract is created and enforceable on Bob.

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Because of an accident royce was involved in, his insurance company has increased his annual premium for auto insurance by 5.2%.

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The answer is going to be D.... $571.24

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4 years ago

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Henry runs moonlight café, a world renowned fast-food restaurant, in his locality. he started the restaurant after getting a lic

svetoff [14.1K]

The answer to this question is <span>franchise
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</span>As a return, that other party have to pay a certain percentage of money periodically based on the sales that they made by using the franchise.

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