Provide a Short Answer to Each of These Questions

question 76

Essay

Provide a short answer to each of these questions.Be sure to fully explain your answer.
What is the difference between internal and external stakeholders?

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with a higher elasticity indicating a greater responsiveness.

Monopolist's Profits

The excess earnings a monopoly achieves due to the lack of competition, allowing for price control and higher profit margins.

Separate Markets

Distinct market segments or areas where transactions occur independently, often with differences in prices or products.

Resold

The act of selling a product or asset that has previously been purchased.