Explanation:
For 3D printing, the part can be printed on demand and shipped without any ramp up or tooling, resulting in a lead time as short as 2 or 3 days. The combination of the reduced lead time and the more efficient prototyping process reduces the time to market. This is a great advantage since delay creates uncertainty.
Answer:
One drawback of pure competition is that sellers don't have the opportunity to earn more than their competitors unlike in monopolies, the sellers can set their own prices.
Explanation:
Pure competition is a type of situation where sellers offer the same products of the same prices. This is also called<em> "atomistic market."</em> So you can imagine that the different companies have almost the same sale. An example of an item under pure competition is "corn." Vendors (people) usually sell them at the same price and quality. If differences do exist,<em> they're totally irrelevan</em>t.
Answer:
3) Saudi Arabia will soon have to begin fracking, leading to protests and further destabilization.
Explanation:
Peak oil theory, propounded by a geophysicist named Marion King Hubert, describes that, conventional sources of crude has either reached or will soon reach their maximum production capacity globally, thus, there will be downward slope; a bell curve shape, in the production capacity by the mid of 21st century.
Hence, the most critical aspect of Peak Oil theory, is that, the world’s oil-based economy, such as Saudi Arabia, will face a critical moments towards the mid of the 21st century, when their production capacity is going down, that is, having a bell curve shape, leading to a form of changes in extraction methods, such as fracking, thereby, leading to protests by the citizens of these areas, and further destabilization of the nations involved, due to negative effects of fracking methods of oil extraction on the air and water quality of the area.
