__________ is the term that means the percentage of total sales within a given market that each firm in that market receives.
a. Market share
b. Exclusive dealing
c. Concentration ratio
d. Cost-plus ratio
a. Market share
Market share is each firm’s proportion of total sales in that market.
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Explain why the distinction between debt and equity finance is useful in analyzing the response of developing countries to unforeseen events such as recession or terms of trade change?
What will be an ideal response?
"Financial distress" is more easily handled in a __________-oriented financial system, in which ownership of the firm tends to be spread among __________ shareholders than in the other type of system
A) markets; more B) markets; fewer C) banking; more D) banking; fewer
Most U.S. redistribution occurs from _____
a. high-income individuals to low-income individuals b. middle-income individuals to low-income individuals c. middle-income individuals to middle-income individuals d. low-income individuals to middle-income individuals
If the price of cereal increases by 10 percent and the amount of milk demanded decreases by 2 percent, then the cross-price elasticity of these goods is:
A. 5. B. 5. C. 0.2. D. 0.2