A Poor Environment Is Most Likely to Lead to ________

question 70

Multiple Choice

A poor environment is most likely to lead to ________.

• A) a decrease in the level of environmental complexity
• B) an increase in the level of environmental stability
• C) an increase in the level of profit
• D) an increase in the level of environmental uncertainty

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Definitions:

Market Price

The market price is the current price at which an asset or service can be bought or sold in a given market.

Consumer Surplus

The difference between the total amount consumers are willing and able to pay for a good or service and the total amount they actually pay.

Willing to Pay

The maximum price at which a consumer values a good or service enough to purchase it.