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- Movie rental stores used to be a vibrant business within the United States, but with the invention of streaming, it is now considered a dying industry and it's hard to find any movie rental establishments still open anywhere in the country. Which of the following economic concepts best illustrates this phenomenon? O Price Taker Markets O The Principle-Agent Problem The Income Effect O Creative DestructionViolet Dreams is a company engaged in the manufacture of dolls, pillows, and stuffed toys teddy bears, dogs, rabbits, elephants, whales, and others. Founded 40 years ago, the company started simply as a hobby of the owner who was then fond of sewing and making small handcrafted giveaways. From then on, Violet Dreams expanded to what it is today. The company has so far grown, having withstood the economic ups and downs that the country experienced in the past. The vision of Violet Dreams is to see that its stuffed toys are cuddled in the arms of young children while feeling comfort and security. Thus, the company continues to manufacture stuffed toys that are smooth, soft, and safe to touch. As a result, Violet Dreams' products are intricately sewn in mellow and calming colors like soft blue, pink, white, beige, light green, and others. So far, the company has successfully created this market niche. A sole proprietorship, Violet Dreams has no less than 95 sewers, including designers,…Violet Dreams is a company engaged in the manufacture of dolls, pillows, and stuffed toys teddy bears, dogs, rabbits, elephants, whales, and others. Founded 40 years ago, the company started simply as a hobby of the owner who was then fond of sewing and making small handcrafted giveaways. From then on, Violet Dreams expanded to what it is today. The company has so far grown, having withstood the economic ups and downs that the country experienced in the past. The vision of Violet Dreams is to see that its stuffed toys are cuddled in the arms of young children while feeling comfort and security. Thus, the company continues to manufacture stuffed toys that are smooth, soft, and safe to touch. As a result, Violet Dreams' products are intricately sewn in mellow and calming colors like soft blue, pink, white, beige, light green, and others. So far, the company has successfully created this market niche. A sole proprietorship, Violet Dreams has no less than 95 sewers, including designers,…