Examination of the costs of production is unnecessary to the field of industrial organisation.

Question

Quizplus · Accepted Answer

The examination of the costs of production is essential to the field of industrial organization as it helps in analyzing the firm's pricing strategies, production methods, and efficiency in the market. Cost analysis also helps in assessing the competitiveness of the industry and predicting future market changes. Therefore, understanding the costs of production is a critical aspect of industrial organization.

Examination of the Costs of Production Is Unnecessary to the Field