Answer:
D) the use of terms "light" and "natural" are allowed on labels only in the United States.
Explanation:
As the term "light" has a dictionary meaning of a very low in weight as compared to similar products in the market, is a very basic term to define the nature of product.
No labelling regulator has claimed that this kind of labelling is only allowed in the United States.
Further, the dictionary meaning of the word "natural" with respect to products shall mean, one that is not composed of high chemicals or transformation, but the major essence is extracted from the nature, i.e. from the environment.
Thus, the word natural can again be used by any country to label their product and in no manner is restricted to the United States.
Answer: American with Disabilities Act
Explanation:
The Americans with Disabilities Act was out in place in order to prevent the discrimination against the people that have disabilities. People with disabilities should be given equal rights to transportation, employment opportunities, education etc just like every other person.
Basee on the above scenario in the question, we can say that Ideal Accessories has violated the American with Disabilities Act.
Answer: individuals and corporations.
Explanation: A legal person refers to a human or non - human entity. It is any organisation, individual or other entity that is subject to obligations and who has legal rights. Any legal person can enter into contracts, own property, or be sued. This means that the 4th and 5th amendments apply to all parties under the definition of a legal person.
Answer:
<u>Question 1. </u>
Significant barriers to entry.
<u>Question 2.</u>
A formal collusive arrangement among firms.
<u>Explanation:</u>
Question 1.
It is only when there are restrictions to entering a market that a monopolistic firm will continue to earn economic profit in the long run. That is, <em>if it continues to be the only firm (without competitors) offering products or services.</em>
Question 2.
Remember, a cartel is a <em>unanimous agreement</em> (or formal collusive arrangement) by a group of firms to regulate supply and prices of products in it's industry.
