Answer:
1. true
2. true
3. false
4. true
5. false
6. true
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“Rank” is the position or place gains through price or accomplishment
Answer:
The correct answer to the following question will be "Acquire start-up firm and Continue production".
Explanation:
- Because of reasonable competition and comparatively low cost, a monopoly company can achieve long-term profit and continue or expand development.
- After some time, a monopoly that persists in stopping the entrance of new companies or firms capable of producing its commodity would see its obstacles bypassed by inventions, and it is, therefore, necessary for a dominant corporation to adapt the business strategy and stay current with industry changes.
- Hence purchasing the start-up company would make good business sense for themselves.
