One of the Important Reasons for Manufacturing/assembling in a Country's

question 50

True/False

One of the important reasons for manufacturing/assembling in a country's FTZ (free trade zone) is an attempt to reduce price escalation.

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Definitions:

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of a product.

Output

The total amount of goods or services produced by a company, industry, or economy within a specific period.

Additional Unit

Referring to the next or extra unit of a product or service to be produced or consumed, often used in analyses of costs and benefits.

Perfectly Competitive

Describes a market situation where firms sell identical products, there are no barriers to entry or exit, and no single buyer or seller can influence the market price.