What does industrial organization study
A)how labour unions organize workers in industries
B)how profitable firms are in organized industries
C)how industries organize for political advantage
D)how firms make decisions depending on different market conditions

Question

Quizplus · Accepted Answer

Industrial organization studies how firms make decisions depending on different market conditions, such as pricing, advertising, and production decisions. It also examines the interplay between firms and the structure of the industry. While labor unions and political organization may be relevant factors in certain industries, they are not the main focus of industrial organization study. Profitability of firms is a component of industrial organization, but it is not the only or primary focus of the field.

What Does Industrial Organization Study