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- Choose a particular product and service market you are familiar with. Explain the market failures and whether FCDO might help?A ....... is defined as being comprised of individuals or organizations that are interested and willing to buy a good or service to obtain benefits that will satisfy a particular need 1. A or want and who have the resources to engage in such a transaction. Select one: O a. market O b. marketing channel O c. firm O d. industryIf you were developing a product (like a web browser) for a market with significant barriers to entry, how would you try to get your product into the market successfully?
- Please submit the answer and then watch the video feedback.Farmer Ted sells 1,000 bushels of wheat at a price of $5 per bushel in a competitive market. Wilma sells 5 gallons of water at a price of $5 per gallon in a monopoly market. If both Farmer Ted and Wilma want to sell a higher quantity, what happens to their respective prices? a.Farmer Ted's price remains constant and Wilma's price decreases. b.Farmer Ted's price decreases and Wilma's price remains constant. c.Farmer Ted's price remains constant and Wilma's price increases. d.Both Farmer Ted's and Wilma's prices decrease.Why does the us not outlaw all monopolies?What is trade dress? Explain how it is similar to and/or different from a trademark, including whether they get similar types of protection.
