Describe the Four Responses Given in the Text for Ways

question 37

Essay

Describe the four responses given in the text for ways in which small local firms respond to MNE attacks in a given market.​

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Definitions:

Buyer

A person or entity that purchases goods or services from another in exchange for money.

Tax

A non-optional financial assessment or alternate form of contribution demanded from a taxpayer by a governmental administration for the purpose of allocating funds for government usage and various public expenditure needs.

Market Period

A very short period of time in which the supply of a good is fixed, typically because the time frame is too short to alter production.

Industry Supply

The total quantity of a good or service that producers in an industry are willing and able to sell at different price levels.