The Five Forces Model helps illustrate the five competitive forces that determine the ________ in an industry.
A. price and quality of output
B. level of competition and profitability
C. profitability and degree of product differentiation
D. level of R&D and price of output
Answer: B
You might also like to view...
Which of the following are predicted by the classical growth theory?
i. Population growth will end economic growth. ii. Real GDP per person will return to subsistence level. iii. Technology drives persistent economic growth. A) i only B) ii only C) i, ii and iii D) i and iii E) i and ii
Suppose the marginal utilities for the first three cans of soda are 100, 80 and 60, respectively. The total utility received from consuming 2 cans is
A) 20. B) 80. C) 90. D) 180.
If the underground economy is sizable, then GDP will:
a. understate the economy's performance. b. overstate the economy's performance. c. fluctuate unpredictably. d. accurately reflect this subterranean activity.
What is a price ceiling often used for?
a. services used by high-income families b. goods used by low-income families c. services used by middle-income families d. goods used by middle-income families