The strength of the competition faced by a company can profoundly affect its

Question

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The strength of competition can affect a company's pricing decisions as they may need to set lower prices to remain competitive. It can also affect their output decisions as they may need to increase or decrease production to keep up with demand or stay competitive. Input decisions can also be affected as companies may need to find cheaper or higher quality inputs to remain competitive. Therefore, all of the options are correct.

The Strength of the Competition Faced by a Company Can