Once a Firm Has Established a Low-Cost Position, It Can

question 38

True/False

Once a firm has established a low-cost position, it can act as a barrier to new competition.

---

Definitions:

Prejudged

To make a decision or form an opinion about something or someone in advance, without full examination or knowledge.

Worthy of Friendship

A philosophical concept referring to qualities that make someone a good friend.

Valid Argument

An argument wherein if the premises are true, the conclusion necessarily follows.

Marla's Boat

A possessive phrase indicating that the boat belongs to or is associated with Marla.