A Structure Is a Structure in Which Horizontal Differentiation Proceeds

question 33

Multiple Choice

A structure is a structure in which horizontal differentiation proceeds along two dimensions: product division and geographic area.

• A)global matrix
• B)international division
• C)worldwide product divisional
• D)worldwide area
• E)functional

---

Definitions:

Utility Function

Represents the relationship between the quantities of goods consumed and the level of happiness or utility derived from them.

Initial Endowment

The initial allocation of resources or goods that an individual or firm has before any trade takes place in an economic model.

Initial Endowment

The initial quantity of goods, services, or resources an individual, firm, or economy possesses.

Pareto Efficient

A state of allocation where it is impossible to make any one individual better off without making at least one individual worse off.