The practice whereby a business is owned by two or more independent firms is termed
Indigenization
Joint venture
Commercialization
Foreign investment
Correct answer is B
No explanation has been provided for this answer.
Former owners are removed without compensation
It has the right o draw on state funds for capital investment
It must break even within a specific period
Workers take control of the firm
Correct answer is B
No explanation has been provided for this answer.
Which of the following is a characteristics of monopoly?
Many sellers
Homogenous commodity
A single seller
Perfect knowledge
Correct answer is C
No explanation has been provided for this answer.
Natural barriers to entry
Legal barriers to entry
Illegal barriers to entry
Unnatural barriers to entry
Correct answer is B
No explanation has been provided for this answer.
Consumers increasing their demand for the product
Consumer's demand for the product remaining unchanged
Consumers shifting completely to substitute products
Suppliers increasing the supply of the product
Correct answer is C
No explanation has been provided for this answer.