The answer to this question is practical
Practical intelligence refers to people's capability in applying the knowledges that they have into real life situation.
In this particular case, Anwar already knew the effect of clothes depending on the weather, and he apply that knowledge in order to achieve a certain desired outcome
Answer:
$5 million
Explanation:
If we follow the Coase Theorem, the appropriate solution to this case should be obtained regardless of initial rights. In this case, the factory saves $5 million to the producer, but it costs $10 million to Boston residents. if Boston residents pay $5 million or more to the factory owner, then both would benefit. Boston residents will gain $10 - $5 = $5 million, as well as the factory owner.
Answer:
Fragmented Retail system
Explanation:
A fragmented retail system can be defined as a market in which no firm can has or can exert any influence to move the market in a particular direction.
This simply means that a fragmented retail system is one in which no product or firm has a grip or major share in the market. This leaves the market to a lot of small and medium scaled businesses competing with larger companies.
From the question, it can be seen that there a lots of small stores that serves the neighborhood. This means that the small shops cater for the needs of people within its vicinity such that there isn't any need for visiting larger stores.
Cheers
The answer to this question is Simple;informal
Simple contracts usually will be used if the transaction happens in small scale (it held small amount of value)
Which means that both parties either believe in one another or they simply do not care enough about the contract to care about the legal precautions.