Which of the Following Best Describes the Term,internal Rivalry

question 32

Multiple Choice

Which of the following best describes the term,internal rivalry?

• A)Divisions competing within a firm for resources
• B)Differing product lines from one manufacturer competing
• C)Firms jockeying for share within a market.
• D)Firms competing for resources to produce goods
• E)Suppliers dividing factors between competing firms

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Definitions:

Marginal Cost

This represents the extra expense of manufacturing or producing an additional item, highlighting the concept of decreasing efficiency with increased production volume.

Marginal Revenue

The additional income earned by selling one more unit of a product or service.

Average Total Cost

The total cost divided by the quantity produced, indicating the average cost per unit of output.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, measured in terms of opportunity costs.