This statement is true.
In a market with a small number of sellers, known as an oligopoly, each seller's decisions have an impact on the outcomes of the other sellers.
Although there isn't a single theory to explain oligopoly, economists will occasionally employ a model known as the prisoner's dilemma to explain how oligopolistic market outcomes arise.
The prisoner's dilemma is a "game" that illustrates the advantages and dangers of cross-pollination among oligopolistic businesses.
A Nash equilibrium results from a prisoner's dilemma, where each player performs the best they can given what the other players are doing.
Oligopolist businesses frequently face the prisoners' dilemma, where they must choose between engaging in aggressive market-capture competition at the detriment of their rivals or engaging in "cooperation" and coexisting with the rival with the market share they already control.
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Question Completion:
1. Was the contract a bilateral or a unilateral contract?
2. Does Chenard win?
3. Is it ethical for Marcel Motors to refuse to give the automobile to Chenard?
Answer:
Chenard v. Marcel Motors, 387 A.2d 596, 1978 Me. Lexis 911 (Maine 1978)
1. A unilateral contract existed when Marcel Motors made the offer to any golfer who shot a hole-in-one for a new 1974 Dodge Colt.
2. Chenard wins. Marcel Motors is obliged to supply him with the new 1974 Dodge Colt as promised because Chenard completed the stated task by shooting a hole-in-one. Chenard wins, not because of his fee or participation in the golf tournament, he wins because Marcel Motors is obliged to fulfill its promise.
3. It is not ethical for Marcel Motors to refuse to give the automobile to Chenard. It was not forced to make the promise. No excuse, including illegality under gambling, could not exonerate it from its obligation to fulfill its promise.
Explanation:
According to the law, a unilateral contract is a contract agreement in which, for example, Marcel Motors promised to offer a new 1974 Dodge Colt to a golfer after the golfer had shot a hole-in-one. In this unilateral contract, the offeror (Marcel Motors) was the only party with a contractual obligation. Unilateral contracts are primarily one-sided but remain very legal.
The people that will be assigned to the team include the sales and purchasing manager, members of the sales team, and the human resource manager.
<h3>How to illustrate the information?</h3>
Based on the information given, it was stated that the company produces a high-quality product, reasonable prices, and treat their employees fairly and equitably.
Since there's an increase in order, the sales department, purchasing department, and the human resources department will be involved.
The human resources manager will be in charge of recruiting staffs into the sales department that will help in handling the increase in orders.
Furthermore, it's important for OMA to remain a regional organization and after the chips are well known internationally, it can expand to become a national organization.
The Six Thinking Hats Model can be applied to make the decision by rotating the groups in order to foster new ideas and enhance collaboration.
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Answer:
it really depends on the country or state being governed but I would say if the type of government is more of a dictatorship but still is considered a democracy then an example would be if they only allow families who have daughters to be legally married by the age of eighteen and all men to be drafted despite restrictions such as being handicapped etc
a good thing they can do is enable free health care for all citizens of that country or state.
Explanation:
I hope u understand what I tried to say
....if u still dont understand I u can tell me:)
C
You have the right to an attorney. If you cannot afford an attorney, one will be appointed for you.
