Answer:
A monopolist that practices perfect price discrimination
- a. creates no deadweight loss.
Explanation:
Theoretically, if a monopolist is able to practice perfect price discrimination:
- marginal revenue curve = demand curve
- consumer surplus = 0
- every customer pays the highest amount that they are willing to pay
- production level = perfectly competitive level of output
Answer:
Contact-less payment technology
Explanation:
In contact-less payment, payment is made without any physical contact between the payer and receiver business. This payment mechanism makes use of NFC (near the field communication) technology.
Contact-less payment mechanism reduces cost for staffing and also removes need for collection of cash. This means that parking facilities are managed remotely.
Answer:
The principles of management are same.
Explanation:
Whatever industry the company is operating in, the way the company is managed is the same regardless the size, industry and motive of the company.
Answer:
health
Explanation:
Subway's points of difference (POD) when it is compared to McDonald's is health (or healthy food). When Subway is compared to other health food restaurants it's POD is taste. Subway focuses on selling healthy food that tastes well.
POD is what makes your business different form other similar businesses. A restaurant market is a monopolistic competition, where every supplier offers a different product than its competitors, and only those that excel at differentiating themselves in a good way will grow and expand.