Why is market access an important aspect of consumer well-being? What are some important reasons why consumers can experience limited market access?

Now suppose the monopolist in Problem 2 also has access to a foreign market in which he can sell whatever quantity he chooses at a constant price of 60. How much will he sell in the foreign market? What will his new quantity and price be in the original market?

What are the four types of market segmentation?

The term ”additional funds needed (AFN)” is generally defined as follows:

A. Funds that a firm must raise externally from non-spontaneous sources, i.e., by borrowing or by selling new stock to support operations.
B. The amount of assets required per dollar of sales.
C. The amount of internally generated cash in a given year minus the amount of cash needed to acquire the new assets needed to support growth.
D. A forecasting approach in which the forecasted percentage of sales for each balance sheet account is held constant.
E. Funds that are obtained automatically from routine business transactions.

What are some of the benefits of a market economy?

What are four types of market segmentation?

What determines the level of prices in a market?

Describe the role of prices in the market economies.

List the characteristics of a perfectly competitive market. _____

Read the paragraph that explains the meaning of the economic term market. What context clues in this paragraph help you gain a better understanding of what an economic market is ?

Fill in the blank out of the following terms using the correct definitions.

• The market for a good that includes all the products that consumers consider to be close substitutes for that good._______

A. Imperfect competition

B. Market structure

C. Product market

D. Monopoly

E. Monopolist

F. Market power

G. Barriers to entry

H. Natural monopoly

I. Average cost

J. Economies of scale

K. Reservation price

L. Price discrimination

The effective-interest method of bond amortization finds the difference between the ________ times the ________ and the ________ times the ________.

A. stated interest rate, principal, stated interest rate, carrying value

B. stated interest rate, principal, market interest rate, carrying value

C. stated interest rate, carrying value, market interest rate, principal

D. market interest rate, carrying value, market interest rate, principal

The stock market fell 507.99 points on October 19, 1987. If the stock market was 2246.73 points at the beginning of the day, what was its value at the end of the day?

Differentiate a market maven and an opinion leader.