If firms produce a homogeneous product, then
a. products will be perfectly substitutable with one another.
b. individual firms can raise price without losing all sales.
c. the market may have multiple prices.
d. market output will not be a commodity.

Which of the following pairs is most similar to each other? a. barter goods and fiat money b. digital money and barter goods c. fiat money and digital money d. commodity money and digital money

Discuss how the resource-based view (rbv) of the firm combines the two perspectives of (1) an internal analysis of a firm and (2) an external analysis of its industry and its competitive environment. include comments on the different types of firm resources and how these resources can be used by a firm to build sustainable competitive advantages.

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!