Answer:
The Privileges and Immunities Clause are the provisions of Article 4, paragraph 2 of the United States Constitution, which states that residents of a state have the right to enjoy all the privileges and immunities enjoyed by residents of other states. This article applies to residents and citizens, excluding foreigners and corporations. Privileges and immunities are fundamental rights in national unity, including employment, job service and business performance.
Answer: Rule; Issue; Analysis
Explanation:
Legal reasoning refers to a method of thought whereby legal rules are applied to specific interactions.
When the facts are compared to the rule, an analysis of the case can be developed. From this analysis, a (rule) can be made as to whether or not the (issue) applies to the (analysis).
Answer:
A firm is a price taker BECAUSE other firms can dive into the market with ease and manufacture a product that is not so different from every other firm's product. With this, it will not be easy for any firm to set their own prices.
Explanation: A trade that do not affect the price of a commodity if he or she buys or sells shares is called a PRICE TAKER.
Firms in perfectly competition market are price takers because as soon as the equilibrium price is set for a commodity, firms must accept.
Agriculture is an example of a perfect competition since each farmers have no control on the market price .
Also, financial assets like stocks and bonds is a good example too