As a Result of This Government Action,we Would Expect That

question 56

Multiple Choice

As a result of this government action,we would expect that the price of glass produced by Crystal would

• A) fall steeply.
• B) fall slightly.
• C) stay about the same.
• D) rise.
• E) do any of the above, since government action may either raise or lower costs.

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Definitions:

Distribution

The process of making a product or service available for use or consumption by a consumer or business user.

Metamarket

A cluster of complementary products and services that are closely related in the minds of consumers but are spread across a diverse set of industries.

Metamediary

A digital intermediary that connects buyers and sellers or provides information and services across multiple industries or sectors online.

Commoditized

When a product becomes indistinguishable from others like it on the market and competes mainly on price.