If a legal monopoly owns the exclusive rights to a good for 20 years, it has a patent for that good.
What do you mean by monopoly?
Monopoly translates to "alone to sell." When there is only one vendor of a given commodity, there is little to no intense rivalry from other sellers. We'll examine the characteristics of a monopoly market in this post.
What do u understand by patent?
An innovator receives a property right known as a patent from a government body. In exchange for full disclosure of the innovation and for a set amount of time, a patent grants the creator exclusive rights to the patented process, design, or invention.
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If a group of competitors got together and pulled all their ads from a certain advertising vendor in an attempt to force the vendor to lower his rates that would be considered an offense under boycotting.
- Practices like setting pricing, manipulating contract bids, and dividing up customers among companies that ought to be competing for them are all considered violations of the Sherman Antitrust Act.
- These infractions are crimes. As a result, they risk receiving severe penalties or lengthy prison terms.
- Price fixing is an antitrust offense per se.
- Usually, but not always, real estate brokers charge for their services as a percentage of the sales price, or "commission."
- In addition, they often give a publicly disclosed portion of that commission to a broker who brings in a customer.
What is an antitrust violation central element?
The main components of an antitrust violation are a contract, a conspiracy between or among competitors to unreasonably impede commerce, or a combination of these, even though antitrust can and does take several forms in real estate.
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A business major 87% of the time, while 16% of the time mistakenly identifies an agriculture major.
Answer:
Correct answer is d, the assets are sold, liabilities paid and business operations terminated
Explanation:
The partnership liquidation occurs when the day-to-day operation is closed for good. Part of liquidation's process is to sold the partnership's assets and paid all creditors (outside and partners) and divide the excess to the partners based on the profit and loss ratio or if there is still existing obligation to the creditors, the partners will pay it using their personal assets (applicable to general partner only). This stage, the life of the partnership ceased to exist.
The real interest rate would be 5%.
You are getting 8% interest and losing 3% due to inflation= 5%
