If Organizations That Are Competing in an Industry Are __________

question 84

Multiple Choice

If organizations that are competing in an industry are __________ and have economies of scale,then their costs are __________ than the costs of potential entrants to this industry.

• A)Small;higher
• B)Small;lower
• C)Large;higher
• D)Large;lower
• E)Economies of scale have no relationship with costs.

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Definitions:

Agencies

Organizations or bodies, either government or private, that provide a specific service or perform a particular function.

Legal Rules

The established principles or guidelines that govern the operation of a legal system, including laws, regulations, and court decisions.

Negotiated Rulemaking Act

A U.S. federal law that aims to encourage agencies to use negotiated rulemaking to involve stakeholders in the drafting of rules.

Administrative Dispute Resolution Act

A law aimed at promoting the use of alternative dispute resolution processes, such as arbitration and mediation, within the U.S. federal government.