Which of the Following Is One of the Three Basic

question 55

Multiple Choice

Which of the following is one of the three basic types of subsidies?

• A) Indirect subsidy
• B) Actionable subsidy
• C) International subsidy
• D) Group subsidy
• E) Quantitative subsidy

---

Definitions:

Competitive Industry

A market sector characterized by many firms competing against each other for customers, leading to innovation and lower prices.

Market Demand

The total quantity of a particular good or service that all consumers in a market are willing and able to purchase at various prices.

Competitive Industry

An industry environment where numerous competitors offer similar products or services, resulting in the need for businesses to vie for market share and customer attention.

Homogenous Product

Goods that are identical in quality and cannot be distinguished from one another by consumers.