________ Are Licensed Specialists in Traffic Operations,customs Clearance,and Shipping Tariffs

question 49

Multiple Choice

________ are licensed specialists in traffic operations,customs clearance,and shipping tariffs and schedules.They can be considered as the travel agents for handling export goods.

• A)Foreign purchasing agents
• B)Export brokers
• C)Export merchants
• D)Freight forwarders
• E)Cooperative exporters

---

Definitions:

Economic Profit

The difference between the entirety of earnings and the aggregate of expenditures, acknowledging both visible and concealed costs.

Maximum Profit

The highest possible financial gain that a business can achieve under given market conditions and with its current resources.

Monopolist

A monopolist is a sole producer or supplier of a particular good or service in the market, having significant control over pricing and market conditions.

Marginal Revenue

Marginal Revenue is the additional income gained from selling one more unit of a good or service, crucial for understanding profit maximization.