As firms gain market share, industries become more competitive
Indicate whether the statement is true or false
F
You might also like to view...
Refer to Scenario 8-1. The value added of CANOES-R-US for each canoe equals
A) $1,200. B) $800. C) $500. D) $400.
Capital income includes:
A. wages and salaries. B. earnings of the self-employed. C. profits, rent, and interest. D. capital gains from stock sales.
An increase in equilibrium quantity will result from each of the following except
A. an increase in supply and an increase in demand. B. an increase in demand and no change in supply. C. an increase in supply and no change in demand. D. a decrease in demand and a decrease in supply.
Experience rating systems for pricing insurance encourage firms to discriminate against older and disabled workers in their hiring practices.
Answer the following statement true (T) or false (F)