Ask Question
BusinessBusiness
16 December, 10:42

If competition decreases in a certain industry

a. it would not matter because competition has very little affect in a market economy.

b. A company that is in that industry may have and exert more economic power.

c. Prices will most likely be lower in that industry

d. Resources will be allocated more efficiently

+2
Answers (1)
  1. 16 December, 14:37
    0
    Option "b" is correct. It is because that any industry without competition always move towards its fatal destruction. The quality of items being produced in such industry degraded with passage of time. So in this case, the the company that belongs to such an industry has to utilize its economic power for its own survival and in the favor of the remaining industry.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If competition decreases in a certain industry a. it would not matter because competition has very little affect in a market economy. b. A ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Crede Company budgeted selling expenses of $30,300 in January, $34,500 in February, and $40,300 in March. Actual selling expenses were $31,300 in January, $34,190 in February, and $48,300 in March.
Answers (1)
Suppose you hold a portfolio consisting of a $10,000 investment in each of 8 different common stocks. The portfolio's beta is 1.25. Now suppose you decided to sell one of your stocks that has a beta of 1.
Answers (1)
Schapp Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: Hours Move time 3.4 Wait time 11.2 Queue time 7.6 Process time 2.3 Inspection time 1.2 The throughput time was:
Answers (1)
Personal income is A. national income minus retained corporate earnings plus government transfer payments and interest on government bonds. B. equal to the value of all final goods and services produced within a country's borders during one year. C.
Answers (1)
A risk manager says: "I recognize the theoretical possibility of an asteroid falling on one of our plants, but there is absolutely nothing we can do about it. So this does not affect our managerial and financial decision making.
Answers (1)
New Questions in Business
Unlike niche-oriented shopping bots, broad-based shopping bots: select one: a. give pricing power to the retailers. b. search for prices for only one type of product. c. operate using a yellow pages type of model. d.
Answers (1)
What are the pros and cons of Toyota's structure and what are the most important elements of Toyota's organizational structure?
Answers (1)
Which of the following is the best example of a perfectly competitive industry? a. wheat productionb. electricity productionc. steel productiond. airplane production
Answers (1)
Assume that we use a perpetual inventory system and that five identical units are purchased separately at the following four dates and costs: April 5 at $10, April 10 at $12, April 15 at $14, and April 20 at $16 April 20 $17.
Answers (1)
In Section 7, the word warranty is best defined as A) a contract between USATestPrep and its Customers. B) a guarantee of any part of the site and its contents. C) a pledge of Customer service if anything goes wrong with the site.
Answers (2)
Home » Business » If competition decreases in a certain industry a. it would not matter because competition has very little affect in a market economy. b. A company that is in that industry may have and exert more economic power. c.
Sign Up Forgot Password?