A competitive strategy is
A) is the development of a price fixing arrangement.
B) the development of a distinctive capability.
C) a rent-seeking strategy.
D) a path to accounting profits.
B
Economics
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In the above figure, moving from producing 50 guitars and 50 ukuleles to producing 25 guitars and 75 ukuleles, the opportunity cost of one ukulele is
A) 25 guitars. B) 75 ukuleles. C) 25 ukuleles. D) 1 guitar.
Economics
The money we pay for a good or service
a. generally exceeds its opportunity cost. b. generally equals its opportunity cost. c. has no part in determining its opportunity cost. d. generally equals two-thirds of its opportunity cost. e. generally is only part of its opportunity cost.
Economics