Which three of the following examples of product differentiation is most likely to be weak differentiation, easily imita
Posted: Mon May 30, 2022 6:22 am
The primary cause of the concentration of industries is: a. Government intervention O b. Unionization O c. Unstable demand Od. High fixed cost
In an industry that is highly concentrated, and where demand is highly inelastic, how does market supply adjust to changes in market demand in the long run? a, In a concentrated market, new businesses will enter when there are pure profits, shifting the market supply curve and lowering the price to the breakeven price O b. In a concentrated market there will always be government price controls to guarantee a price equal to the breakeven price Oc. In a concentrated market, existing firms will increase their scale of operation when market demand increases and reduce their scale of operation if demand decreases