If Featherbedding Reduces a Firm's Competitiveness,it _____

question 155

Multiple Choice

If featherbedding reduces a firm's competitiveness,it _____

• A)increases employment at the firm and in the industry.
• B)decreases employment at the firm and in the industry.
• C)increases employment at the firm but may decrease it in the industry.
• D)decreases employment at the firm and increases it in the industry.
• E)decreases employment at the firm and reduces the number of firms so that there is no net effect on industry employment.

---

Definitions:

Market Participants

Individuals or entities engaging in the buying, selling, or exchange of goods and services in a market.

Standardized

Established to have uniform procedures, dimensions, materials, or tests, to ensure consistency and comparability across different entities or products.

Economic Profits

The excess of total revenue over total costs, including both explicit and implicit costs, in economics.

Market Supply

The total amount of a good or service that producers are willing and able to sell at varying price points, at a given time.