Cost-reduction generate
a. Increases in long-run profitability
b. Increases in long-run profitability only if the cost reduction is difficult to imitate
c. Increases in product differentiation
d. Reduction in competitive intensity
b
Economics
You might also like to view...
A high-risk premium makes default more likely.
Answer the following statement true (T) or false (F)
Economics
Insurance companies offer two basic type of insurance; these are:
A. property and casualty companies. B. life insurance and mutual funds. C. whole life and term life insurance companies. D. life insurance and property and casualty insurance.
Economics