Which of the following producers is a producer of services? a. raul fixes cars. b. taylor sells car parts. c. jared runs a toy store. d. tina is a chef in a restaurant.

The distinction between a normal and an inferior good is

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.