Question

firms may enter the world market due to its ____.

a. perfect competition
b. challenges
c. monopolistic position
d. barrier​

Answer 1

Concept Introduction: Firms are companies that buys or sells products to consumers, inorder to make a profit.

Explanation:

We have been Given: Firms or companies enter the world market due to:

1. Perfect Competition(Presence of many firms for same products)
2. Challenges(Difficulties in buying or selling a product)
3. Monopolistic Position(When the market gets under the control of only one major firm)
4. Barrier(Difficulties in buying or selling a product)

We have to Find: Why does a firm or a company enter the world market due to it's ______(Among the 4 given options which is correct)

Final Answer: Firms may enter the world market due to it's Monopolistic Position.

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Answer 2

1. Firms are businesses that buy or sell products to consumers for a profit.
2. The presence of many firms for the same products is referred to as perfect competition.
3. The difficulties in purchasing or selling a product are referred to as challenges.
4. When only one major firm controls the market, this is referred to as a monopolistic position.
5. The difficulty in purchasing or selling a product is referred to as a barrier.
6. As a result of its monopolistic position, the firms may enter the global market.

Hence, option C is correct.

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