Business, 19.11.2019 21:31 paatnguyyen
Dozens of companies produce plain white socks. consumers regard plain white socks as identical and don't care about who sells them their socks. the technology for producing socks is widely known, and any reputable person who wanted to start a sock manufacturing business could obtain a loan from a bank to buy the necessary machinery.
a. only a few sellers.
b. no free entry.
c. no a standardized product.
d. meets all assumptions.
Answers: 3
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Dozens of companies produce plain white socks. consumers regard plain white socks as identical and d...
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