In a ―successful‖ market, there will be:
A)many successful firms.
B)less bankruptcy.
C)many unsuccessful firms.
D)both many successful and many unsuccessful firms.(True Answer )Correct

Question

Quizplus · Accepted Answer

In a successful market, there will be both many successful and many unsuccessful firms. The reason being, in a competitive market, firms that are innovative, efficient, and effective will succeed, while firms that are unable to adapt or differentiate themselves will fail. Therefore, a mix of successful and unsuccessful firms is a normal and healthy feature of a successful market.

In a ―Successful‖ Market, There Will Be