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OlgaM077 [116]
3 years ago
14

All competitive advantages do not accrue to large-sized firms. A major advantage of smaller firms are that they ____ (A) have mo

re loyal and diverse workforces. (B) can launch competitive actions more quickly. (C) are more likely to have organizational slack. (D) can wait for larger firms to make mistakes in introducing innovative products.
Business
1 answer:
madam [21]3 years ago
4 0

Answer: All competitive advantages do not accrue to large-sized firms. A major advantage of smaller firms are that they "(B) can launch competitive actions more quickly."

Explanation: Smaller companies can launch competitive actions faster because being smaller, communication is much faster, and decision-making involves fewer interested people who may differ in opinions to direct competitive strategies.

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(D) is the same and output is lower than in the original long-run equilibrium.

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Fill the blank ("__")
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The free market economy is the one where the buyers & sellers should freely select to buy or make.

The following information related to the free market economy is:

  • It should depend upon the supply & demand having no government interference.
  • In this, the buyers & sellers have the right to select for making or buying whatever they want.

Therefore we can conclude that the free market economy is the one where the buyers & sellers should freely select to buy or make.

Learn more about the economy here: brainly.com/question/11905095

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