Which of the Following Is Least Likely to Limit the Ability

question 2

Multiple Choice

Which of the following is least likely to limit the ability of a firm to minimize production costs?

• A)Resistance by labor.
• B)The fact that the firm is a nonprofit organization.
• C)An increase in the amount of competition faced by the firm.
• D)Legislated input combinations for firms in particular industries, e.g, health care.

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Definitions:

American Colonies

Refers to the thirteen British colonies in North America that declared independence in 1776, leading to the American Revolutionary War and the formation of the United States.

Spain

A country located on the Iberian Peninsula in Europe, known for its rich history, cultural diversity, and significant contributions to art, literature, and global exploration.

Puerto Rico

A Caribbean island and unincorporated U.S. territory with a rich cultural history and diverse heritage.

John Quincy Adams

John Quincy Adams was the 6th President of the United States (1825-1829) known for his strong stance on foreign policy issues, support for the abolition of slavery, and as a formidable diplomat.