An Organisation That Accepts Only One Way of Doing Things,and

question 93

Short Answer

An organisation that accepts only one way of doing things,and has one set of values and beliefs is said to have a(n)________________.

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Definitions:

Artificially Scarce Goods

Products or services whose availability is limited by the seller to increase demand or price, rather than by natural scarcity.

Natural Monopolists

Entities that dominate a market due to inherent advantages, such as economies of scale, which prevent efficient competition.

Average Total Costs

The total of all costs associated with production divided by the number of units produced, giving the cost per unit.

Marginal Cost

The additional expense required to produce or supply one extra unit of a product.