After lengthy telephone negotiations, bernstein and metal manufacturers (mm) entered into an agreement whereby mm agreed to sell bernstein 20,000 pounds of nickel cathodes at $4.60 per pound. to secure the deal, bernstein promised to send mm a check for $20,000, which mm was to hold in escrow until the nickel cathodes were ready for shipment. about a month later, bernstein sent a letter confirming the oral negotiations and enclosed a $20,000 check as a “good faith deposit”. bernstein also indicated in his letter that the check was to be held in escrow awaiting preparation of the nickel cathodes. when mm attempted to deposit bernstein’s $20,000 check in an escrow account, it was rejected by the bank because bernstein had stopped payment on it. mm immediately ceased production of the nickel cathodes. subsequently, bernstein purchased 20,000 pounds of nickel cathodes on the open market at a price substantially higher than the price it had contracted to pay mm. bernstein then sued to recover this difference in price. what argument does mm have to defend against bernstein’s suit? who will succeed?

answer a is correct answer

answer; the coefficient of determination;

it established new limitations on use and disclosure for marketing purposes, prohibited selling medical information, expanded individuals’ rights to accessing their own information, and to obtain restrictions from certain disclosures of protected heath information to health plans.

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.