Figure 13-3 -Refer to Figure 13-3. the Graph Illustrates a Typical

question 565

Multiple Choice

Figure 13-3
-Refer to Figure 13-3. The graph illustrates a typical

• A)total-cost curve.
• B)production function.
• C)production possibilities frontier.
• D)fixed-cost curve.

---

Definitions:

Market Obstructions

Factors or barriers that hinder the free flow of goods, services, and information in a market, potentially limiting competition or consumer choice.

Switching Costs

The expenses or inconveniences that customers incur as a result of changing from one product, service, supplier, or system to another.

Import-Export Firewalls

Security systems that monitor and control incoming and outgoing network traffic based on predetermined security rules, especially between different trust levels or network zones.

Preemptive Practices

Strategic actions taken by businesses to anticipate and address potential challenges, obstacles, or market changes before they occur, often to maintain competitive advantage.