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The ____ Represents an Unserved Niche That Enables the Entrepreneur

question 38

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The ____ represents an unserved niche that enables the entrepreneur to enter a market with no direct competition for a time. ​


Definitions:

Tariff

A tax imposed on imported goods and services to increase their price and reduce competition with domestic products.

Exported

Products or services that are transported from one nation to another for the purpose of being sold or traded.

Producer Surplus

The difference between the amount producers are willing to sell a good for and the actual amount received from the sale of that good.

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