If competition places discipline on costs, motivating firms to innovate and find more cost-effective ways to produce, which of the following would then explain why in some markets a single firm without competitors will produce at a lower cost than if the firm faced competition?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If competition places discipline on costs, motivating firms to innovate and find more cost-effective ways to produce, which of the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What are three criteria for a person to be considered unemployed according to the bureau of labor statistics
Answers (1)
Assume that a bank holds 3 million dollars in vault cash, 9 million dollars on deposit with the Federal Reserve, and 2 million dollars in required reserves. What is the level of excess reserves?
Answers (1)
The basis of accounting used by not-for-profit organizations in their external financial reports is A) Industry-specific basis of accounting. B) Cash basis of accounting. C) Modified accrual basis of accounting. D) Accrual basis of accounting.
Answers (1)
Answer the following questions using the information below: Munoz, Inc., produces a special line of plastic toy racing cars. Munoz, Inc., produces the cars in batches. To manufacture a batch of the cars, Munoz, Inc.
Answers (1)
Aiden performs services for Lucas. Which of the following factors indicates that Aiden is an employee rather than an independent contractor? a. Aiden is paid based on hours worked. b. Aiden obtained his training (i. e., job skills) from his father.
Answers (1)
New Questions in Business
Accidents with trucks carrying hazardous wastes are fairly common. Suppose regulators enact a rule requiring that the perpetrators of such an accident be liable for a sum equal to the average damages of all such accidents in the industry.
Answers (1)
Which of the following makes the sport marketplace unique compared with other industries? The sport product is consistent. Many competitors are seeking the same consumer spending.
Answers (1)
What is happening to the economy in the United States? Why?
Answers (1)
In a make-or-buy decision, a. the company would consider all fixed overhead to be irrelevant. b. the company would consider the purchase price of the externally provided good to be relevant. c.
Answers (1)
3. Categories of expenditures Edison and Hilary Girard live in Swarthmore, PA. Hilary's father, Kevin, lives in Sweden. For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U. S.
Answers (1)