The court is unlikely to bring Salty Snacks Inc. a claim. The allegation of infringement and the allegation of confusion has no legal arguments as the fish format of the product is not a trademark. So there is no legal reason for Salty Snacks Inc. to sue Tasty Tidbits Inc, just another example of market competitiveness.
Answer:
Market price = $2, profit = $0
Product differentiation
Increase profit
Explanation:
The market price will be $2, since the two firms will compete against each other, then the ori e falls to the marginal cost of $2
Product differentiation refers to the distinction made in a market whereby mostly similar products are produced. The variation or distinction made by different producers is usually used to influence consumer decision. The inscription of iguana made on the chest of iz and odd's t-shirt brand is to differentiate its product from that of Ralph and Lauren.
The Economic reason which could have likely sparked iz and odd's decision to put Iguana on its t-shirt brand is to give consumers something a bit more different from their usual design, thereby enticing more customers and ultimately increase profit.
One for washing one for rinsing and one for sanitizing the dishes
Answer:
The answer is C. In today's dollars, Luis's money is worth more than Soo Lee's.
Explanation:
Present value for Luis= C(1+i)^-n= 20000(1.07)^-6 = $13326.84
Present value for Soo Lee = C(1+i)^-n= 20000(1.07)^-9= $10878.67
Present value for Luis is greater than that of Soo Lee.
