A Product-Market Segment Is "Operational" If It Is Big Enough

question 246

True/False

A product-market segment is "operational" if it is big enough to be profitable to the firm.

---

Definitions:

Producer Surplus

A reiteration emphasizing the financial gain producers experience when the market price exceeds their minimum acceptable price for selling a good or service.

Consumer Surplus

The divergence in consumers' maximum willingness to pay and the actual payment for a good or service.

Autarky

An economic system or policy where a nation is self-sufficient and does not take part in international trade.

Exporting Industry

An industry primarily focused on producing goods and services for sale in foreign countries.