Author Question: One of the limitation of Five Forces is that they a. Reduce producer surplus b. For one firm to ... (Read 174 times)

itsmyluck · **on:** Jul 1, 2018

One of the limitation of Five Forces is that they
a. Reduce producer surplus
b. For one firm to increase profit, the profit of another participant must decrease
c. Does not provide a firm with sustainable competitive advantage
d. Both b and c

Question 2

Which firm is not dealing with adverse selection
a. a manufacturer requires a 90 day probationary period for new employees
b. a temporary clerical agency hires without verifying typing skills
c. a manufacturer requires suppliers to be ISO 9000 certified
d. Smokers get the worse life insurance rates as non-smokers