In order to survive in a market,a firm needs to
A)make extensive use of available technology.
B)hire more capital and less labor.
C)produce a product demanded by consumers at the lowest possible price while covering costs.
D)charge higher prices for its products than its rivals and revise prices upward periodically.

Question

Quizplus · Accepted Answer

The Answer of In order to survive in a market,a firm needs to
A)make extensive use of available technology.
B)hire more capital and less labor.
C)produce a product demanded by consumers at the lowest possible price while covering costs.
D)charge higher prices for its products than its rivals and revise prices upward periodically.

In Order to Survive in a Market,a Firm Needs to