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In order to properly recognize revenue, the buyer and seller must have an agreed upon contract in writing. True of False.
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- An incumbent firm supplies a consumer by writing a contract in period 1 for delivery in period 2. The contract stipulates a price of $700 and a breach of fee of $500. The consumer values the good at $1000 and the incumbent’s cost equals $400. A potential entrant firm has uniformly distributed costs [0, 800]. If the entrant enters, there is Bertrand price competition. How much additional profit does the incumbent make because of the contract? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.True or false ,a company website represents the integrated platform that supports all other promotional and retail activities. true or false ,The first step in the advertising process is setting the conditions for participationThe existence of imperfect markets has led to the establishment of subsidiaries inforeign markets. Critic this statement.
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