Paul Wants to Lease a Condo for Two Years from Cool

question 45

Multiple Choice

Paul wants to lease a condo for two years from Cool Condos Company.In most states the lease agreement​ 

• A) ​must be in writing. 
• B) ​can be oral or written. 
• C) ​must be oral. 
• D) ​must be signed by a judge.

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Definitions:

New Technology

The development and application of innovative tools, machines, techniques, and methods that improve the efficiency and productivity of operations.

Natural Monopolies

Industries where a single firm can supply a good or service to an entire market at a lower cost than two or more firms could, often due to economies of scale.

High Set-up Costs

Initial investments or expenses that are necessary to start a business or manufacturing process, which can act as a barrier to entry for new firms.

Industry

A sector of the economy that produces a specific type of goods or services, characterized by shared production processes or products.