Answer:
Market penetration
Explanation:
Market penetration Is when the initial price of a new good or service is set really low. This is usually done to encourage consumers to demand for the product and to reduce the demand for competitors goods or services.
Market penetration is ususally done to gain market share and attract customers to a new product. After a period of time , prices would rise to normal levels.
Nintendo price was lower than Sega's price, it is expected that consumers would demand more of Nintendo and less of Sega games.
I hope my answer helps you.
The answer is A, there are 6 career fields
Answer:
Budget deficit / Fiscal deficit
Explanation:
At the start of the year, every government prepares a budget e.g. all sources of revenue (direct taxes, indirect taxes, aids etc) and projected expenses are also mentioned (development of society, defense etc.).
When a government spends more than its revenue from taxes so it means that government is running a budget deficit or a fiscal deficit which are covered through fiscal measures by government e.g. increasing taxes or reducing public spending.
Answer:
c. firms are free to enter and exit the market.
Explanation:
A monopolistically competitive market is a market in which there are a lot of organizations that sell products that are similar and it tends to be easy to enter and leave the industry. Because it is easy for a company to enter the market and there is a lot of competition, in the long run the economic profit is zero. According to this, the answer is that in the long run, profits in a monopolistically competitive market are zero because firms are free to enter and exit the market.
The other options are not right because a monopolistically competitive market has zero profits because of its low entry barriers and amount of competitors not because of government regulations or an illegal agreement between organizations to control competition. Also, in a monopolistically competitive market the products are similar.
Answer:
The correct answer is option b.
Explanation:
A dairy is producing 960 gallons of milk per day.
Each milker works 8 hours and produces the same amount of milk.
For per hour of labor the diary produces 12 gallons of milk.
Quantity of milk produced by a labor in 8 hours
= 
= 
= 96 gallons
The number of workers required to produce 960 gallons per day
= 
= 
= 10 workers
