Market share is the part of the total sales held by one seller.
For example, a monopolist holds 100 percent of total sales. The 100 percent refers to the market share. In a monopoly, only one business has the good or service that is being offered in the market. Thus, consumers have no other choice but to purchase said good or service from the monopolist.
Answer:
The correct answer is no immediate effect..
Explanation:
The impact of the minimum price on the functioning of the market will depend on whether said price is below or above the equilibrium price (the price at which the market would freely tend if there were no public intervention).
If the minimum price is below the equilibrium price it has no impact since the market will naturally be above said minimum price.
On the other hand, if the minimum price is higher than the equilibrium price, this ceiling will prevent the market from reaching its equilibrium point. The price will be at said minimum level where the quantity supplied will be greater than the quantity demanded, which will cause an excess supply that will remain unsold.
If the maximum price is above the equilibrium price it will not have any impact since the market will naturally tend to be below this maximum limit.
If, on the contrary, the maximum price is lower than the equilibrium price, then this limit will prevent the market from reaching equilibrium. The price will be at the maximum limit where the quantity supplied will be less than the quantity demanded. This will cause excess demand, so part of it will remain unmet.
Answer:
A) gross national product (GNP)
Explanation:
The gross domestic product (GDP) measures the market value of the total production of final goods and services produced within a country during a year.
The GNP is different because it measures the market value of the total production of goods and services produced by the people or businesses of a country within a year. For example, sales of Apple products in Europe do not increase the GDP, but they increase the GNP.
True, it’s a good idea because it helps protect your home and other assets
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