For Products Like Computers,Japanese Firms

question 64

Multiple Choice

For products like computers,Japanese firms:

• A) move from their home market directly into fully developed countries and then on to newly developing nations.
• B) move from their home market directly into developing nations and then on to developed countries.
• C) go only to developed countries to market products.
• D) go only to developing countries to market products.

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Definitions:

Monopolistic Competitor

A firm operating in a market structure characterized by many sellers offering differentiated products, which are similar but not perfect substitutes.

Long Run

The Long Run is a period in which all factors of production and costs are variable, allowing all inputs to be adjusted.

Price Discrimination

A pricing tactic in which a provider offers the same or similar services or goods at different price points in various markets.

Arbitraging

The practice of buying and selling the same asset in different markets to profit from price differences.