Answer:
c. switching costs for consumers are low
Explanation:
New entrants to an industry are when new firms enter into an industry.
When it is easy for consumers to change product, it would be easy for consumers to switch to a new product. This would create a market for the new entrant.
You are relying on recognition. Having the multiple answer choices helps you narrow down the information stored in your long term memory.
What are you trying to ask..?
The fixed ordering cost would be:
The total amount of ordering cost - The total variable costs that incurred on the orders.
The fixed cost in this context refers to the type of cost that wouldn't be affected by the amount og goods/materials that being ordered in the transacitons.
Answer:
1. Export the good
2. Domesctic producers
Explanation:
Export the good will be the logical thing to do as producers will gain for the higher price of the goodin foreign markets.
