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In a Market System, Which of the Following Will Eliminate

question 235

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In a market system, which of the following will eliminate high-cost producers and allow only the low-cost producers to survive?


Definitions:

Learning Management System

A software application for the administration, documentation, tracking, reporting, and delivery of educational courses, training programs, or learning and development programs.

Software Application

A program or suite of programs designed to perform a specific task or solve specific problems for users.

Training Programs

Structured educational initiatives provided by organizations to enhance the skill sets and knowledge of their employees.

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