________ Is a Type of Countertrade in Which the Seller

question 62

Multiple Choice

________ is a type of countertrade in which the seller agrees to supply technology or equipment to construct a facility and receives payment in the form of goods produced by the facility.

• A) Barter
• B) Counterpurchase
• C) A compensation deal
• D) A buy-back agreement

---

Definitions:

Industrial Concentration

A measure of the extent to which production in an industry is dominated by a few large firms.

Technological Advance

The introduction of new technologies or the improvement of existing technologies, enhancing productivity and possibly leading to economic growth.

Product Differentiation

The process of distinguishing a product or service from others in the market to make it more appealing to a particular target market.

Oligopoly Model

An economic model describing a market structure where a few firms dominate, often leading to pricing and output decisions that consider competitors' actions.