Which of the Following Was NOT Used by Firms in the Soft

question 60

Multiple Choice

Which of the following was NOT used by firms in the soft drink,automobile,and newspaper industries shown in The Business Firm video as a way to reduce costs in a competitive environment?

• A) substituting inputs
• B) producing their products in a foreign country
• C) adopting new technology
• D) achieving economies of scale
• E) colluding with one another

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Definitions:

Bloodstream

The flowing blood within the circulatory system of the body.

Hormones

Chemical substances produced in the body that regulate and control the activity of certain cells or organs, influencing growth, metabolism, and mood.

Functional Magnetic Resonance Imaging

An imaging technique used to observe brain activity by detecting changes associated with blood flow, enabling researchers to study the brain in action.

PET Scan

A medical imaging technique that uses radioactive substances to visualize and measure changes in metabolic processes and other physiological activities in the body.