Answer:
False.
Explanation:
This statement is false, because perfectly competitive markets are those where there are a variety of buyers and sellers available, which may mean that there are similar products on the market, but sellers are not able to influence the market price, which what happens in a perfectly competitive market is that companies are the price takers, they do not have the power to influence the price, since there are a large number of competitors and each one has a share in the market, since the products offered are little differentiated and there are no barriers to market entry.
This illustrates the concept of high switching costs.
<u>Option: C</u>
<u>Explanation:</u>
Switching costs generally refers to a consumer's financial costs when moving between brands, goods, services, or suppliers. It is important to keep in mind, however, that these costs may include non-financial ones. Certain factors such as financial, time, and attempt-based costs often form portion of the cost of shifting.
The greater the switching price, the less probable a consumer will be prepared to turn on brands, goods, services or suppliers. The greater the switching cost to customers, the less benefit the customer receives from switching to a new brand, commodity, service or supplier.
B.consumer because all of the others make, ship, and provide the goods for the consumers
Answer:
standard of value
Explanation:
The standard of the value permits all types of merchants and the economic entities to set the fix price for the goods and services in order to stable the economy
So as per the given situation since it is mentioned that in the case when you do the comparision for HD television so you are using the money via standard of value
So the same is relevant
Art Projects
Have you ever made a collage as a group, or painted a wall for a community project. Whenever you do something like that you are given a certain piece to do. This is division. When divided the workload becomes easy and light and when working together side by side, you are learning valuable people skills.