Pure competition simply means a market that's has a wide range of competitors who are selling the same products.
Your information is incomplete. Therefore, an overview of pure competition will be given. In pure competition, all the companies sell identical products.
In pure competition, the market share does not influence the price. Also, companies can enter or exit the industry whenever they like as there's no barrier. The buyers have perfect information as well.
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Answer:
True
Explanation:
When multinational enterprises enter the host countries they usually prefer pursuing multidomestic strategy even though such a strategy rarely leads to reduced costs then too the multinational enterprises opts for such a strategy.
A multidomestic strategy is one in which the multinational companies adopts marketing approach rather than a universal or global approach. under such a strategy the multinationals studies deep about the individual market as well as the customers and prefers catering to the needs of the customers. Even though such a strategy leads to higher costs or may be no reduced costs as it has to appoint experts for the deep market and customer choice study .
Answer:
all of the above are likely to occur
Explanation:
Import restrictions would limit the amount of goods imported into the US
as a result of the restriction, the amount of goods sold to the US by its trade partners would fall, as a result, the income of US trade partners would reduce.
Also, the quantity of goods available in the US would fall and consumption would fall.
Import restrictions might lead to US producing goods and services for ehuch it has no comparative advantage in its production. This would lead to ineeficent allocation of resources.
The online exchange of goods and information between final consumers is called consumer-to-consumer. A business model known as "consumer to consumer" (C2C) allows for the private customers to deal for goods or services without the involvement of a business on either end of the transaction. Today, online businesses handle the majority of C2C transactions.
The two most well-known instances of consumer-to-consumer are Amazon, which functions as both a B2C and a C2C marketplace, and eBay, an online auction site. Since its founding in 1995, eBay has enjoyed success, and it has always been a C2C.Therefore, customers offer businesses a service.
To learn more about consumer-to-consumer, click here.
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Answer: $0
Explanation:
The cyclical deficit occurs when there is a different between the actual output and the potential output. This is why it is calculated by the formula:
= Tax rate * ( Potential output - Actual output)
As the economy here is at the potential output, it means that both the actual and the potential output are the same. In such a case, there would be no cyclical deficit.
This can be proven by the formula:
= Tax rate * ( Potential output - Actual output)
= 30% * (0)
= $0
