When Countries Build Up National Expertise in Particular Product or Technology

question 38

Multiple Choice

When countries build up national expertise in particular product or technology sectors, this is an example of what type of market driver:

• A) Marketing transfers and global branding
• B) Global channels
• C) Lead countries
• D) Common market needs

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Definitions:

Arbitrage

The simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms to take advantage of differing prices for the same asset.

Price Discrimination

A pricing strategy where different prices are charged to different consumers for the same product or service, often based on their willingness to pay.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is unattainable.

Price Discriminate

The practice of selling the same product or service at different prices to different customers, often based on their willingness to pay.