Foreign firms find it difficult to sell goods in the United States because most goods produced by foreign firms are already produced more efficiently by American firms.

Question

Quizplus · Accepted Answer

This statement is false. While it is true that competition from American firms may be a challenge for foreign firms selling in the US market, it is not accurate to say that American firms produce all goods more efficiently than foreign firms. Foreign firms may have lower production costs, access to unique technologies, or other advantages that allow them to compete successfully in the US market.

Foreign Firms Find It Difficult to Sell Goods in the United