The Process of Informal Decision Making by Professionals Based on Their

question 18

Essay

The process of informal decision making by professionals based on their training and experience,rather than written rules,is called_________.

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Definitions:

Pure Monopoly

A market structure where a single entity controls the entire supply of a product or service, with no close substitutes available.

Barriers

Refers to obstacles or impediments that hinder progress or the achievement of an objective.

Unique Characteristics

Distinctive attributes or features that set something apart from similar entities.

Rent Controls

are government policies or laws that limit the amount landlords can charge for leasing properties to protect tenants from rapid increases in rent.