Which of the Following Is True of an Export Management

question 91

Multiple Choice

Which of the following is true of an export management company (EMC) ?

• A) It coordinates the Export Legal Assistance Network, a nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters.
• B) It provides a potential exporter with a "best prospects" list.
• C) It assembles a "comparison shopping service" for 14 countries.
• D) It organizes trade events that help potential exporters make foreign contacts.
• E) It specializes in serving firms in particular industries and in particular areas of the world.

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Definitions:

Monopoly Sellers

Single sellers in a market with no close substitutes for the product or service they offer, giving them significant control over prices.

Allocative Inefficiency

A situation where resources are not optimally allocated according to consumer preferences, often leading to overproduction or underproduction of certain goods or services.

Monopolist

An entity that has exclusive control over the supply of a particular good or service, setting prices without facing competition.

Opportunity Cost

The cost of what you have to give up in order to choose something else.