The maximum number of sales of all the firms in an industry, for a given period of time is called __________?
Correct answer: A. total market potential
- A. total market potential
- B. total production potential
- C. total demand potential
- D. current demand
Explanation
Total market potential is the maximum possible sales of all firms in an industry during a specified period under given environmental conditions. It covers the whole industry, unlike a single firm's sales potential.
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