One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where Group of
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Answer:
The issues that arises between the Faraj and Siegel can be discussed by three different groups in resolving the contract agreement.
Note: Kindly find an attached copy of the complete question below.
Explanation:
Solution
In this case between Faraj and Siege'ls building contractors the following issue are discussed by three groups as follows:
(1) The contractor can increase the price of finishing construction based on inflation and the cost of raising materials during inflation prices for the materials increases or goes up and this will affect the customer gradually.
(2) Faraj will not pay the additional amount requested by Siegel because according to the contract the amount she has to pay is $153,000
(3) Issues or problems that might come up during construction is listed below:
- Poor communication
- Not feasible or impractical forecasting
- The unavailability of structure
