One outcome of competition is that business firms
A) usually develop a monopoly.
B) can ignore "price wars."
C) have unrestricted access to natural resources.
D) must operate efficiently.
E) reduce their need for expansion capital.
Correct Answer:
Verified
Q99: The points on a curve showing the
Q100: A demand and supply schedule
A) allows assessment
Q101: Tom, a real estate agent, wants to
Q102: In a market with perfect competition
A) buyers
Q103: What provides the motivation for an entrepreneur
Q105: The four degrees of competition include all
Q106: Natural cork lost its _ when a
Q107: McDonnell Douglas, a manufacturer of large commercial
Q108: A new sales tax has the effect
Q109: After checking out a new car deal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents