Among the Nations of the Developing World,new Technologies Have Primarily

question 8

Multiple Choice

Among the nations of the developing world,new technologies have primarily been responsible for:

• A) eliminating the need for travel.
• B) an obesity epidemic among children under 18.
• C) increased electrical and energy problems.
• D) creating jobs.

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Definitions:

Market Structure Types

Various classifications of market systems based on the number of firms in the market, the nature of the product, and the degree of competition, including perfect competition, monopoly, oligopoly, and monopolistic competition.

Compete On Quality

a business strategy where companies focus on offering higher quality products or services instead of competing on prices.

Product Differentiation

The strategy of distinguishing a product from others in the market by emphasizing its unique features, benefits, and attributes.

Size Distribution

Refers to the variation in size among entities in a population, such as companies within an industry or incomes among individuals.