Many firms might like to be monopolies because such firms earn economic profits in the long run. What might cause a​ monopoly? A firm is likely to be a monopoly if A. its suppliers have no bargaining power. B. its product has complementary goods or services that are in high demand. C. there are no key inputs required for production . D. no network externalities exist in supplying the good or service . E. the government blocks the entry of more than one firm into a market .

One way that marketing mix characteristics differ for organizational buying

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

When selecting a savings account, you should look at the following factors except annual percentage yield (apy) fees minimum balance interest thresholds taxes paid on the interest variable interest rates