Custom Prices Are Also Known As

question 172

Multiple Choice

Custom prices are also known as:

• A) flexible prices.
• B) auction prices.
• C) equilibrium prices.
• D) sticky prices.

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Definitions:

Unique History

The distinctive and singular past or background of an individual, organization, place, or object that sets it apart from others.

Entry Barriers

Obstacles that make it difficult for new competitors to enter a market.

Capital Requirements

The minimum amount of capital a bank or financial institution must hold as required by financial regulators.

Economies Of Scale

Financial advantages gained by businesses from their operational size, wherein the cost for each unit of production typically falls as the scale expands.