The deli industry is monopolistically competitive. If some delis leave the industry, Toby's <u>demand</u> curve will shift <u>right</u>.
<u>Explanation</u>:
Monopolistic competition is similar to perfect competition in that firms in both market structure. In monopolistic competition the firms earn zero economic profits in the long run.
One of the best examples for monopolistic competition is gas station.
The demand curve is the graphical representation of the relationship between the cost of the goods or services and the quantity demand for the product for specific period of time.
Shifting of the demand curve to right shows that there is increase in demand for the product.
Answer:
Option: C. They cultivated cash crops like tobacco and indigo, which grew well in the area.
Explanation:
Georgians succeed economically during the colonial period as they involved in cultivating cash crops like indigo and rice. Settlers during the colonial period in Georgia were the debtors, who given land to grow crops. The cultivation led to an increase in trade and wealth. The climate and geographical conditions in Georgia allowed settlers to cultivate cash crops which turn out to be profitable.
Answer:
The unquestionable entitlement to be obeyed that comes from fulfilling a specific role
Explanation:
Government
This is simply defined as a system or an organization that is responsible for the exercising of authority over a body or group of people.
Power
This is commonly known as the ability to do work. In this context, it is simply the ability to get other people to do what you want them to do through the use of punishments and rewards.
Authority
This is simply refered to as the ability to make people do what you want without the use of rewards and punishments. It is also known as the right to give orders and enforce rules.
The three types of authority.
These includes:
1. Traditional
2. Charismatic
3. Rational / Legal
Answer:
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Explanation:
The Alliance System played an important role in leading to the First World War mainly because it divided the European powers into two rival military camps, the Triple Alliance and the Triple Entente by 1907. The rivalry between the two camps brought about the First World War.
