Answer: $1,300
Explanation:
A comprehensive standard general liability policy is used when there are operations being conducted by a contractor or tenant. The basic policy covers property damage to other parties as well as bodily harm. Seeing as there are no additional coverages, the basic plan is in effect.
The only thing that can be covered here by the insurance company therefore is the $1,800 damage to the pedestrian because the rest relate to the contractor so are not covered,
As there is a $500 deductible, the amount the insurance company is liable for is:
= 1,800 - 500
= $1,300
Decrease in price of a substitute. Increase in price of a complement. Decrease in income if good is normal good.
A. Pure competition
Pure competition describes a market with a wide range of competing businesses all selling the same product, in this case milk.
Monopolies are a single company running the market, and oligopoly markets have a small number of players who together control the vast majority.
Product Life Cycle, for which the stages include launch, growth, saturation and decline. Hope it helps!
<span>Predict trend
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hope it helps!</span>
