Which Public Type Faces an Indeterminate Situation but Does Not

question 2

Multiple Choice

Which public type faces an indeterminate situation but does not recognize it as a problem.

• A) intervening publics
• B) latent public
• C) internal public
• D) aware public
• E) active public

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Definitions:

Competitive Price-Taker

A firm or individual in a market structure that has no control over the market price and must accept the prevailing market price for its product or service.

Output

The total amount of goods or services produced by a person, machine, company, or economy.

Price

The sum of money needed to buy a product or service.

Competitive Price-Taker

A firm in a competitive market that has no ability to influence the price of the product it sells; it must take the market price as given.