Answer:
can you do my homework :)
Explanation:
Answer:
The correct answer is B) whether it is easy or inexpensive for rivals to copy the low-cost leader's methods or otherwise match its low costs.
Explanation:
A cost advantage is where a business is able to produce its output at a lower cost compared to its competitors. It can result due to different factors such as superior technology, more effective processes, and lower resource costs.
The value of a leader's cost advantage depends on how easily the rival businesses can copy its methods to reduce their own costs. If the rival businesses can easily copy these methods, then their own costs shall also reduce and the leader's cost advantage shall cease to exist.
If, however, the methods cannot easily be adopted by other businesses, then the leader's cost advantage remains effective and highly valuable. This corresponds to option B.
Answer:
The primary difference between product markets and factor markets is that:
Product markets are markets related to products, goods, tangible finished items. This is where you'll get your product for sale and where people will buy it.
while
Factor markets are for the factors of production, mostly intangible, like labor, capital and entrepreneurial skills. This is what you'll use (including raw materials) to make your product.
Answer:
2550
Explanation:
The HHI is calculated by squaring the market share of each firm in the industry.
40² + 20² + 15² + 15² + 10² = 1600 + 400 + 225 + 225 + 100 = 2550
