BA1 Exam Dumps : Fundamentals of Business Economics

Lower price elasticity of demand due to the product having few substitutes

Price inelastic supply because differentiation acts as a barrier to entry against other firms

Higher customer satisfaction making them willing to pay a higher price

Higher costs of production and marketing necessitating the charging of a higher price

is conditioned by the expected reaction of rival producers

tends to ignore expectations about consumer reactions

is constrained by the absence of barriers to entry into the industry

is largely determined by government competition rules

It is exclusively traded by the Central Bank

Individuals can buy it from stock brokers

Notes and coins in circulation make up a very small part of government debt

It can be issued by Local as well as Central government