If a company believes the business sector is saturated with competitors, which of the following should it consider?
a. Product differentiation
b. A buy-out or acquisition of some of the competition
c. Create a price war with the competition
d. Relocation of the business
Answer: a. Product differentiation
Economics
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Which of the following is true of the shape of the long-run Phillips curve? a. It is horizontal
b. It is vertical. c. It is downward sloping. d. It is upward sloping.
Economics
Which of the following contributed to the downfall of the Soviet Union in 1991?
A) public dissatisfaction with low living standards and political repression B) producing higher-quality goods than were desired by consumers C) the rapidly increasing standard of living D) the lack of a strong dictator who could coordinate economic activities
Economics