Consider a good that generates external damages. A competitive market that is left un-regulated tends to. charge a lower price than the price that would result in maximized social welfare.
A market is a composition of structures, establishments, approaches, social members of the family or infrastructures wherein events interact in alternate. whilst parties may alternate goods and services by barter, maximum markets rely on sellers imparting their goods or services to consumers in alternate for cash.
A market is described as the sum general of all the consumers and sellers in the location or region under consideration. The area may be the earth, or international locations, regions, states, or cities. The cost, cost and rate of items traded are as in step with forces of deliver and demand in a market.
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Answer:
In this situation:
c. Discount must compensate Contractors for its lost profit.
Explanation:
- The option A is not correct in our situation as there is not agreement of local zoning authority with either the contractors or Discount Retail, Inc. so they are not breaching any contract.
- The option b is not correct as contract is not discharged that mean the contract is not ended.
- The option c is correct as now Discount Retail Inc. must compensate the contractor for its profit loss as they will not be building the store and they will have experienced a loss.
- Contractors are in breach of contract as the zoning authority has changed the law not to build the store at that location but not the contractors.
Answer: C. Purchase facultative reinsurance and write the policy
Explanation:
The options are:.
A. Purchase another treaty and write the policy
B. Decline the business for reinsurance reasons
C. Purchase facultative reinsurance and write the policy
D. Cede the policy to the existing treaty if the risk is acceptable
Based on the information given, we should note that in a case whereby an application is submitted for a home which falls within the directive and Aurora does not wish to retain the entire risk, the best method of handling this submission will be to buy a facultative reinsurance and then write the policy.
A facultative reinsurance is the coverage that is bought by a primary insurer in order to cover a particular risk. Hence, it'll be used to cover the single risk in this case.
Answer:
Founder Syndrome
Explanation:
The founder of Habitat for Humanity found it difficult to turn management of the nonprofit over to a new chief executive officer. The founder was demonstrating founder syndrome. It is also known as founderitis. It can be defined as the difficulty encountered by firms when founder have disproportionate authority to impact the establishment of the firm which can lead towards a huge arrays of issues for the firm. Same is the case which has been discussed here when the founder of Habitat for Humanity was finding it difficult to turn management of the nonprofit over to a new chief executive officer.
Division Of Privacy And Identity Protection
