Answer:
an innovator
Explanation:
Based on the information provided within the question it can be said that he would be classified as an innovator. An Innovator is a person who likes to do things differently from the rest or be the first to do something. Therefore since Tyler like to be the first to try out new bicycle models he can thus be classified as an innovator.
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Answer: it led to a drop in prices and profits
Explanation:
A monopoly is when one business or provider buys out all of the other companies or organizations in an industry. This makes it to where one company controls the entire industry and their company gets all of the money being earned.
Answer:
Capitalism
Explanation:
<u>Capitalism is the economic system that puts resources, means of production, and property under the private ownership of the person</u><u>. It sees the market as the free place in which everyone can sell their own goods and which should not be under any supervision or coordination of the government. </u>
In such a system where everything is privately owned, there is a tendency for creating a competitive market and accumulation of capital. The idea is that all can get rewarded for the hard work and get to own their private property. Capitalism also claims that competition pushes innovation. Still, the problem remains that some people and companies tend to place monopoly over the capital and that by birth some people are prepositioned to own less than others.
I think the answer is false/
