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privatize
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Monopolistically competitive firms are typically characterized by?
many firms selling products that are similar, but not identical.
A market structure in which there are many firms selling products that are similar but not identical is known as?
monopolistic competition
What is one economic principle?
an economic princple is a widely accepted behaviour of individuals and firms
The study of the economic behavior of individuals and firms is called?
Meaningful statement about the economic behavior or the economy is called?
Who owns all property and resources in a pure market economy?
in a pure one only private firms and individuals but in reallity both govt and private
Monopolistically competitive firms are typically characterized by?
many firms selling products that are similar, but not identical.
What is strategic selling?
Is the managerial process that matches the firms resources to its market oppurtunities
What is revenue cost?
the revenue of the firm is the money received that a firms get from selling its output.
Who are wealthy individuals who invest in new and growing firms?
Angel Investors
What is the typical commission paid to sales rep firms selling plush toys to Big Box stores?
6% to firms and 3% to sub reps
What are individuals who are employed by brokerage firms that are members of the exchange are called?
floor brokers
A market structure in which there are many firms selling products that are similar but not identical is known as?
monopolistic competition
The concentration of the productive efforts of individuals and firms into a limited number of activities is called?
Specialization
What is one economic principle?
an economic princple is a widely accepted behaviour of individuals and firms
How does Exporting work?
With exporting, firms enter international markets by selling products internationally through the use of middlemen
The study of the economic behavior of individuals and firms is called?
Meaningful statement about the economic behavior or the economy is called?
What is an capitalist country?
A capitalist country is one in which the firms are run by private individuals rather than the government.
