____ is a market situation (or industry) in which there are few sellers.
A. Monopolistic competition
B. Pure competition
C. Monopoly
D. Oligopoly
E. Natural monopoly
Answer: D
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Alma was suffering from a terminal disease. Because she distrusted attorneys, she wrote a statement in her own handwriting, labeling it "My Last Will and Testament." The statement contained a provision specifying that Alma wanted all of her property to go to her church upon her death. She signed the statement and stored it in her jewelry box, and she told her friend Willa of its location. When Alma died, Willa produced Alma's statement. Willa is now attempting to have the statement admitted to probate as Alma's will. Alma's grown children claim that Alma died intestate and that they should inherit her property. In this scenario, ________.
A. Alma's will is void and Willa will inherit her property B. the will may be declared void and the property will go to the state C. Alma's children and the church will split Alma's property because Alma's will is nuncupative D. the church will inherit Alma's property if Alma's state recognizes holographic wills
Which among the following is commonly called the civil law?
A. Shari'a B. common law C. public law D. the Romano-Germanic legal system
Define the bottom of the pyramid. How can the bottom of the pyramid offer business opportunities?
What will be an ideal response?
What is a bailment?
A. One party assures another party that goods will meet certain standards. B. One party delivers goods to a merchant or permits the merchant to retain them. C. One party conveys goods to another for a specified time, usually in return for a periodic payment. D. One party is legally holding goods for the benefit of another party.