It is RECKLESS CONDUCT. Reckless conduct refers to a practitioner's careless act which deviates significantly from the standard of care a reasonable individual would exhibit under a similar situation. Reckless conduct is a culpable offence and is punishable under the law.
The answer is <u>"Oligopoly".</u>
Oligopoly is a market structure with few firms, none of which can shield the others from having huge impact. The focus proportion estimates the piece of the overall industry of the biggest firms. An imposing business model is one firm, duopoly is two firms and oligopoly is at least two firms. There is no exact maximum breaking point to the quantity of firms in an oligopoly, however the number must be low enough that the activities of one firm altogether impact the others.
Answer: Preferences and taste
Explanation:
The preferences and the taste are the characteristics in the business that are changed according to the customer requirement for the various types of products and the services in an organization.
The preferences is one of the main factors which helps in influencing the user or the customers demand.
According to the given question, the non-pricing determinant of the demand is changing according to the preferences and the taste of the consumer as the requirement of the user are get changed in the market.
Therefore, Preferences and taste is the correct answer.
Standards define the "Minimum acceptable"
performance of a product or service
Answer:
Explanation:
If, in a monopoly market, the demand for a product is
p = 140 − 0.50x
and the revenue function is
R = px,
where x is the number of units sold, what price will maximize revenue?
The revenue function R=x(140-0.50x)
=140x-0.50x ^ 2
In a monopoly revenue is maximized when marginal revenue is zero.
DR/dx=0= 140x-0.50x ^ 2
x=140
When x=140 the demand =140-(140*0.5) is 70.
The revenue will be 140*70= $9,800.
