The prisoner's dilemma game
Answer: Option (B) is correct.
Explanation:
The following events are mostly likely to occur:
(1) New firms will enter the market.
(3) In the long run, all firms will be producing at their efficient scale.
If in a perfectly competitive market, firms observing that there is an increase in the demand for the goods, as a result this will increase the price of the goods in the short run.
But, there are some new firms enter into the market. This will shift the supply curve rightwards as a result there is a reduction in the price level in the long run.
Hence, all the firms are producing at a efficient level of production in the long run.
Answer:
find answer in the explanation below
Explanation:
Koby is 16 and that means he is under age for a start. That initial statement makes Fastfood liable.
As it can be seen from the question, the golden rule applies to Koby's case as it is clear he has other things to do with his time.
Primarily, he is a student and that means he has school work to do alongside putting in some hours at Fastfood. But then, he still has the right to be treated right which in this case means him getting some rest. It is therefore safe to say that the manager of Fastfood is trying to take advantage of Koby and should have given him rest.
if he had gotten some rest, he wouldn't have fallen asleep while driving and been in the accident.
Cheers
Answer:
contractual vertical
Explanation:
A vertical marketing system can be defined as a form of cooperation that exists between the different levels that makes up a distribution channel. The individuals in the channel ensure that they work in unity inorder to accelerate the rate of efficiency.
The three elements that constitutes a a vertical marketing system include:
- Producer
- Wholesaler
- Retailer
In a corporate vertical marketing system a single organization is responsible for production, development, marketing, and distribution of a particular product. All levels of the distribution channel is handled by a single company.
