The San Francisco Giants sell tickets based on <u>dynamic pricing</u>, <span>where the prices often change based on demand and other variables.
This means that these tickets are based on how much a regular customer is willing to pay. There is an approximate price that seems reasonable for customers, and it can fluctuate, but still it is the best way to buy or sell something and profit after it. </span>
Predatory Pricing is the practice whereby a foreign producer intentionally sells its products in the United States for less than the cost of production to undermine the competition and take control of the market.
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Explanation:</u></h3>
hen there is a situation in the market whereby the products are sold at a cost very low than the cost of other suppliers refers to the predatory pricing. When predatory pricing is practiced then the suppliers with lower price will alone survive in the market making all the other suppliers to forcefully leave the market.
This kind of act is illegal. This is because predatory pricing will eradicate the competition. The main aim of this type of pricing is to eliminate the small business from the market. In the given scenario, a foreign producer is selling its products intentionally at lower price in U.S for the lower cost than the cost of production and takes the market to its control which is an example of Predatory Pricing.
Answer:
$1 or 100% of the tax
Explanation:
When the price elasticity of demand is 0, it means that the good or service will be purchased regardless of its cost. Very few things have such a low price elasticity, and the fact that this is drug for treating cancer is the reason why that happens. Anyone that can purchase a drug that will keep you alive, will do so as long as you have enough money to do so. Another good with a very low price elasticity, but not 0, is gasoline with a 0.02 to 0.04, and gasoline is a basic necessity also.
The curve for a perfectly inelastic good is vertical. So any increase in taxes will be paid by the customers.
Answer:
Teaching or asking a study partner the questions.
Explanation:
When you teach someone you take in the knowledge better and get to help someone else out.
Answer:
b.Scarce for households and scarce for economies
Explanation:
- A resource is a source of supply form which benefit is produced and has some utility and is broadly classified in there availability. The resources are those that are scare in terms of the households and the economies and depends on the availability of the factors.
