All of the Following Are Ways by Which Existing Firms

question 243

Multiple Choice

All of the following are ways by which existing firms can deter the entry of new firms into an industry except

• A)continuously producing new and improved products.
• B)earning less than maximum profit.
• C)advertising products aggressively.
• D)threatening to raise prices.

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Definitions:

DNA

A molecule known as deoxyribonucleic acid carries essential genetic directives necessary for the growth, development, functioning, and reproduction of all identified living beings and a wide variety of viruses.

Chromosome

A structure of nucleic acids and protein found in the nucleus of most living cells, carrying genetic information in the form of genes.

Genes

Units of heredity made up of DNA that carry information for the development, functioning, growth, and reproduction of organisms.

Spina Bifida

A congenital defect in the spine in which part of the spinal cord and its meninges are exposed through a gap in the backbone.