The advantage of a free market economy is that when it works it can both be reward and perpetuate innovation But they are inherently more risky and does tend to favor those more capital and resources . In an Economic make system with multiple equilibria coordination failure occurs when a group of firms could achieve a more desirable equilibrium but fail to because they do not coordinate their decision making
Based on the statement above, the courts will determine the
agreement to be likely as unenforceable and it is likely to be not voided. The agreement
is likely to be impossible to be enforced by the higher authorities thought it
is not voided or considered to be valid.
Answer:
Please consider the following explanation.
Explanation:
Bob is correct in this case as Penny didn't make a claim that the goods were non-conforming. Penny is incorrect. Since there was no claim of non conformance, Bob doesn't have to refund the $3.000.
Answer:
Explanation:
Low involvement. The major reason for the advertisement is not so that there will be high involvement buyer, with information about the product (beer) to be produced deeply to form strong attitudes, but the advertisement is basically for entertainment and also so that good feeling can be associated about the advert and product (beer). In fact the major disadvantage about the use of humour in advert is that people can remember the advert and forget the brand or product been advertised.
Answer:
false
Explanation:
The Coase theorem states that parties in dispute should seek an optimal solution to their problem regardless of how property rights were initially distributed.
In this case, you need to find an agreement that satisfies both Darnell and Jacques regardless of who initially would have been considered to be right about the argument. Conflicts over rights to use property can be solved when parties settle on the efficient use of inputs. E.g. they could establish hours at which Darnell can listen to rock n' roll, and other hours when he shouldn't. That way both of them can enjoy the music they like and not bother the neighbors.
An optimal solution can always be reached regardless of initial distribution of rights.
