Answer:
keep its price constant and thus decrease its market share.
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.
Also, an oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
On the other hand, duopoly can be defined as a market structure in which two companies (suppliers) or business firms own all or nearly all of the goods and services in a market. Thus, these two companies (suppliers) or business firms have an exclusive control over the goods and services in a market.
Hence, when a company (supplier) or business firm own increases its price in a duopoly, then the other company (supplier) or business firm can keep its price constant and thus decrease its market share.
Answer:
SOLUTION FOUND IN THE ATTACHMENT BELOW.
Total cost of Land = $ 972,600
Answer:
A. A groundbreaking idea, product, or method
Explanation:
Innovation refers to the process that leads to the formation of new ideas that has been been invented before. It refers to the fresh ideas that helps in attracting people inn terms of business. Idea generation helps in new development and thereby helps in the progress. The introduction of the idea from the existing resources helps in the formation of new ideas that take the shape of innovation.
Answer:
When measuring burns in adults, the rule of nines assesses the percentage of burn and is used to help guide treatment decisions including fluid resuscitation and becomes part of the guidelines to determine transfer to a burn unit.
Explanation:
<em>The transfer to the burn unit.</em>