The Causal View of the Industry Believes That

question 4

Multiple Choice

The causal view of the industry believes that

• A)market structure is caused by firm behavior.
• B)firm behavior is caused by market structure.
• C)market performance causes firms to have a certain structure.
• D)market performance causes firms to behave in a certain way.

---

Definitions:

Annual Salary

The total amount of money earned by an employee in a year, not including bonuses or other extra payments.

Direct Deposit

Payroll or other types of checks that are directly and electronically deposited into a bank account.

Gross Pay

The total amount of an employee's earnings before any deductions are made, such as taxes and retirement contributions.

Biweekly Paycheck

A payroll schedule where employees receive wages every two weeks, resulting in 26 paychecks per year.