A redundant part or component increases reliability because it is connected in parallel, not in series

The equivalent units of production for direct materials and conversion costs must be the same

Indicate whether the statement is true or false

Which of the following is typically the case for companies that operate in product markets where there is relatively little competition from other companies?

A) lower wages and lower profits B) lower wages and higher profits C) higher wages and higher profits D) higher wages and lower profits