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Author Question: If large, dominant firms tend to be more successful and last longer than small, non-dominant firms, ... (Read 71 times)

LCritchfi

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on: Jun 30, 2018
If large, dominant firms tend to be more successful and last longer than small, non-dominant firms, it would be because:
 A) the large firm can dictate what it wants to consumers and to its suppliers.
  B) the large, dominant firm is able to offer more products at lower prices.
  C) the large, dominant firm has an advantage in its costs or in being able to meet customer wants.
  D) the small firm is a risk-taker and typically is not around for long.
  E) the small firm can never compete with the large firm.

Question 2

If entry into an industry was very easy, the four firm concentration ratio would not be a very useful index of the competitiveness in that industry
 a. True
  b. False
  Indicate whether the statement is true or false


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kbennett34

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

True


LCritchfi

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Reply #2 on: Jun 30, 2018
Thank you


kbennett34

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Reply #3 on: Jun 30, 2018
No problemo


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