A rise in the demand for petrol by motorists is likely to follow a rise in the price of:
Porter describes differentiation as a firm having a unique product or service that is valued by the customer. Which ONE of the following is NOT a factor in the higher prices and profits from differentiated products?
In a supply and demand diagram, other things remaining the same, an increase in production costs will normally shift:
All of the following will tend to increase the number of firms in any one industry except which one?