Yes, this encourages the buyer to pay more for an item especially if it is by a well known branded. This gives them to opportunity to brag and boast with their purchase. Also when the product is well known consumers are going to try their absolute best to buy it, this is going to make the product scare, hence increasing its price.
Answer: The correct answer is "d. all of the above"
Explanation: In a perfectly-competitive industry a firm have no incentive to enter or exit the industry when:
- market price is equal to minimum long-run average cost.
- each firm earns a normal return.
This happens because in perfect competition companies reach a long-term equilibrium where extraordinary benefits are eliminated.
The best and most correct answer among the choices provided by the question are the following:
<span>a trade bloc between Canada, U.S., and Mexico
a trade organization that equally benefits all nations
an agreement to only buy goods from the countries involved</span>
Hope my answer would be a great help for you. If you have more questions feel free to ask here at Brainly.
