A disadvantage of moving too quickly is that
A) costs of entry are higher.
B) the likelihood of misunderstanding the demand is greater.
C) followers gain an advantage by learning from the first-mover.
D) All of the above.
D
Economics
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The basic concern of economics is to:
A) keep business firms from losing money. B) prove that capitalism is better than socialism. C) study the choices people make. D) use unlimited resources to produce goods and services to satisfy limited wants.
Economics
The circular flow model of the economy shows
a. the flow of money, goods, and services between households and firms b. why specific flows occur c. the relationship between money and goods within households d. the relationship between resources and the prices of resources e. the flow of resources from households to firms
Economics