A Number of Explanations Have Been Offered for the Low

question 89

Multiple Choice

A number of explanations have been offered for the low level of U.S.exports relative to other countries.All of the following can be considered as reasons for low level of exports except:

• A)limited ambition by many American business owners.
• B)lack of knowledge of market opportunities abroad.
• C)perceived lack of necessary resources.
• D)marketing to home-country users is easier than exporting.
• E)a strong U.S.dollar translates into less affordable prices in export markets.

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Definitions:

Total Sales

The total revenue generated from the sale of products or services.

Monopolistically Competitive

Pertains to a market structure where numerous firms sell products or services that are similar but slightly differentiated, leading to non-price competition.

Herfindahl Index

A measure of market concentration that squares the market share of each firm in the industry, often used to indicate monopolistic or competitive tendencies.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for competition based on quality, price, and marketing.