A Company or an Industry Whose Product Works Well with a Firm's

question 93

Multiple Choice

A company or an industry whose product works well with a firm's product and without which the product would lose much of its value is considered to be a(n)

• A) complementor.
• B) oligopoly.
• C) strategic group.
• D) industry leader.
• E) staggered company.

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Definitions:

Principal

This term refers to the original sum of money borrowed in a loan or the initial amount of investment before earnings or losses.

Expansionary Gap

A situation where the output of an economy is greater than the full employment output, often leading to inflation.

Long-Run Equilibrium

A state in which all factors of production are used efficiently, market supply and demand are balanced, and there is no tendency for change in the economic variables.