Answer: c. the products would no longer be similar in the wheat market.
Explanation;
In a perfectly competitive market, goods are meant to be homogeneous which leads to stiffer competition as a consumer could just switch from one seller to another and still get the same utility as all products are similar.
If one product starts to taste better and have fewer calories, the products in the market will no longer be homogeneous and competition will decrease because switching to this newer wheat would increase a consumer's utility as opposed to not therefore more people will switch and other competitors will not be able to compete unless they start producing better wheat as well.
A.the first graph all the way to the left, hope this helped :P
By the start of 1970, global growth slipped. The post-World War II boom in advanced industrial nations lost momentum. The need existed for a new set of advanced technologies.
Explanation:
- By the start of 1970, global growth slipped. The post-World War II boom in advanced industrial nations lost momentum. The need existed for a new set of advanced technologies.
- Technological changes, are like a series of explosions with innovations uplifting in specific sectors, or the leading industries that provide the momentum for future prosperity.
- the process of technological transformation should be called “creative destruction", as it becomes dominant at expenses.
Answer:
C. consumer.
Explanation:
As we know that the customer products need to be modified or customized according to their need and interest so that they received the maximum satisfaction
Therefore as per the given situation, the product that needed larger modification for meeting out the requirement of the market worldwide is the consumer product
Therefore the option c is correct
no thanks but if you have questions regarding school topics ill try to be helpful!! lol
Explanation: