Answer: Self-interest, competition, and incentives promote smoothly running markets. Unforeseen events disturb supplies of goods and services and affect prices in the marketplace. Rising prices, specialization, negative incentives, and multiple markets.
Explanation: Hope this helps :)
Answer:
B is the correct option.
Explanation:
In theory, the perfect market is the structure in which all the firms sell identical products,They all are price takers, the market share doesn't influence the prices, firms can enter or exit the market without cost and resources are perfectly mobile. No markets are in the sphere of the perfect competition model. so they are classified as imperfect. The imperfect and perfect market is the outcome of post-classical economic thought of the Cambridge tradition.
Answer:
Country of origin effects.
Explanation:
Country of origin effect can be defined as the effects the country manufacturing or producing a particular product has on how a potential customer tends to view the product.
A country image can greatly influence the perception of the customer towards the product, or could be a negative perception or a positive perception.
Some customers may tend to favor goods that are produced from their own country. For example most individuals favor clothes and shoes that are produced in Italy than the ones produces in Spain.
Answer: continuous cost reductions without sacrificing acceptable quality and essential features
Explanation:
A production aimed at providing products at a low cost would target to make price of products manufactured to be relatively low while not losing acceptable quality and key features in products. The low cost of products would attract buyers and the maintained quality would ensure that buyers would continue to purchase that product.
