Elastic demand means that consumers are sensitive to price and that increased prices can lead to lower sales. There isn't enough information to fully answer this question. We don't know how elastic the demand is. If the demand is only slightly elastic, the increased price and lower demand could still equal higher profits.
Answer:
impose a tax on imported widgets - if the government imposes a tax on imported widgets, imported widgets will become more expensive to consumeres, making consumers flock to domestically produced widgets, prompting domestic firms to increase domestic supply to at least 8,000 widgets.
impose an import quota - the government can also simply impose an import quota of 4,000 widgets, which will oblige consumers to buy at least 8,000 domestic widgets if they want to satisfy their demand of 12,000 widgets.
Answer:
less, more
Explanation:
Research suggests that a firm with greater multi market contact is <u>less</u> likely to initiate an attack, but <u>more</u> likely to respond aggressively when attacked.
<u>Multimarket contact occurs when firms compete with the same rivals in multiple markets. </u>
When firms compete with each other in more than one market, their competitive behavior may differ from that of single-market rivals. They do not respond as aggressive as they would have if contact or competition were to be in just one market.
Multimarket contact gives a firm more options to respond to actions or attacks by a rival in other markets other than in the market being challenged. <u>As a result, multimarket competitors may hesitate to attack in one market for fear of retaliation in other markets. </u>
<u>Multimarket competition may therefore reduce the competitive intensity among rivals, an effect known as mutual forbearance.
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A decision-making process that managers use to determine how to invest the company’s funds in major capital assets is capital budgeting.
<h3>What is capital budgeting?</h3>
It should be noted that capital budgeting simply means the process undertaken by a business to evaluate investments.
In this case, the decision-making process that managers use to determine how to invest the company’s funds in major capital assets is capital budgeting.
Learn more about capital budgeting on:
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Answer: Recommend that such borrower should contact the representative of the lender before the signing of the documents.
Explanation:
In a scenario whereby a borrower is questioning the amount of the notary or the signing fee that appears on the settlement statement, the notary agent should simply tell the borrower that he or she should contact the representative of the lender before the signing of the documents.
If that is done, the borrower can then know the next thing to do after hearing from the lenders representative.