The deli industry is monopolistically competitive. If some delis leave the industry, Toby's <u>demand</u> curve will shift <u>right</u>.
<u>Explanation</u>:
Monopolistic competition is similar to perfect competition in that firms in both market structure. In monopolistic competition the firms earn zero economic profits in the long run.
One of the best examples for monopolistic competition is gas station.
The demand curve is the graphical representation of the relationship between the cost of the goods or services and the quantity demand for the product for specific period of time.
Shifting of the demand curve to right shows that there is increase in demand for the product.
Explanation:
The Magna Carta and the English Bill of Rights greatly influenced American ideas about government. The Magna Carta contained the ideas of limited government and common law, and it influenced constitutional ideas about limited government, habeas corpus, and the Supremacy Clause.
Answer: capital in nature.
Explanation: In a capital market structure, the price of goods and services produced are determined by the market forces of demand and supply. In these economies private owners willingly makes exchanges to maximize their profits.
The production and consumption under such economies are purely determined by the market forces, as the intervention from Govt. is minimal.
Answer:
True.
Explanation:
The given statement would be considered true as it asserts a true claim about J.S. Mill's 'principle of liberty' denying the conception of 'victimless crime'. He stated that individual actions should only be restricted when it is causing damage to others. He proclaimed that "the only purpose for which power can be rightfully exercised over any member of a civilized community, against his will, is to prevent harm to others". In simple terms, he stated that no one should be prevented from doing a specific action unless his/her actions are not invasive or harmful to the other's rights. Therefore, the given assertion is <u>true.</u>
'Earls and barons are not to be fined except by their peers, and only in accordance with the nature of the offence'.
Clause 22: Nullus clericus amercietur de laico tenemento suo, nisi secundum modum aliorum praedictorum, et non secundum quantitatem beneficii sui ecclesiastici.
'No clergyman is to be fined on his lay tenement, except in accordance with the nature of his offence, in the way of others mentioned in previously, and not in accordance with the size of his ecclesiastical benefice'.
