The I in OLI Refers to an Advantage in a Firm's

question 1

Multiple Choice

The I in OLI refers to an advantage in a firm's home market that is an:

• A) internalization.
• B) industry-specific advantage.
• C) international abnormality.
• D) none of the above

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Definitions:

Resource Demand

The need or desire for specific resources in order to produce goods or services within an economy.

Product Market

The market where end products or services are made available to consumers, businesses, and governmental bodies.

Determining Factors

Key elements that significantly influence the outcome or condition of a specific situation or context.

MRP

Marginal Revenue Product; the additional revenue generated by employing one more unit of a factor, like labor or capital.