Which of the Following Was a Cause for the Dutch

question 95

Multiple Choice

Which of the following was a cause for the Dutch to become the predominant commercial power in South Asia?

• A)Used force to secure profits.
• B)Introduced modern business practices.
• C)Developed administrative techniques.
• D)Advance in ship design and construction. 
• E)All of the answers are correct. 

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a particular market.

Perfectly Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a homogeneous product.

Price Setting

The determination of the selling price of goods or services, typically factoring in costs, demand, and competitive prices.

Efficient Scale

The level of production that minimizes the average total cost of production, optimizing resource usage.