A firm must be able to ________ competition if it is to exercise control over the price of its product.
A) maximize
B) increase
C) not change
D) limit

Name: A firm must be able to ________ competition if it is to exercise control over the price of its product. A) maximize B) increase C) not change D) limit
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Question

Quizplus · Accepted Answer

To exercise control over the price of its product, a firm must be able to limit competition, as reduced competition allows a firm more freedom to set prices.

A Firm Must Be Able to ________ Competition If It