Which of the following might be considered a sign of market disruption within domestic firms due to increased imports of foreign goods?

Question

Quizplus · Accepted Answer

Increased imports of foreign goods can disrupt domestic firms in several ways. Decreased sales volume occurs when consumers prefer the foreign goods over domestic options, leading to reduced demand and revenue for domestic firms. Price suppression occurs when foreign competitors can offer their goods at a lower price due to advantages such as lower production costs, leading domestic firms to lower their prices as well. Lower wages may occur if domestic firms must reduce labor costs to remain competitive with foreign imports. These factors, individually or collectively, can result in market disruption for domestic firms.

Which of the Following Might Be Considered a Sign of Market