If an Industry Is Imperfectly Competitive,and Markets Are Segmented Then

question 35

Multiple Choice

If an industry is imperfectly competitive,and markets are segmented then

• A) a firm may find that it is profitable to engage in dumping.
• B) a firm may find that international trade is unprofitable.
• C) a firm may find that it should promote scale economies.
• D) a firm may find that it has lost its comparative advantage.
• E) a firm may find that it should become more specialized.

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Definitions:

Algorithm

A step-by-step procedure or formula for solving a problem or accomplishing some end within a finite number of steps.

Ethnic Minority

A group of people who have different national or cultural traditions from the main population within a country or region.

Verbal Aptitude

The ability to understand and process words and language, both in speaking and writing.

Gender Gap

The difference in opportunities, status, attitudes, etc., between men and women, often resulting in disparities.