_____ Refers to a Market That Exists Because of Price

question 11

Short Answer

_____ refers to a market that exists because of price discrepancies between different markets.

---

Definitions:

Initial State

The starting condition or situation from which a process, action, or system begins.

Goal State

The desired final condition or achievement a person or a system aims to reach.

Problem Solving

Problem solving is the cognitive process of finding a solution to a challenging situation or overcoming a barrier through logical thinking, creativity, and decision-making strategies.

Means-End Analysis

A problem-solving method that involves identifying the difference between the current state and the goal state, then creating and taking steps to reduce the difference.