Which of the following is NOT one of the economic forces that promotes long-run profitability of business firms?

Question

Quizplus · Accepted Answer

Fierce rivalry among the firms competing in the industry is not an economic force that promotes long-run profitability of business firms. Instead, it can decrease profitability by driving down prices and reducing profit margins. The other options, including low market power of input suppliers and consumers, strong barriers to entry of rival firms, and abundance of complementary products, can all contribute to a firm's long-term profitability.

Which of the Following Is NOT One of the Economic