The Larger the Number of Firms in an Industry

question 182

Multiple Choice

The larger the number of firms in an industry,

• A)the easier it is to implicitly collude to fix prices.
• B)the more intense the rivalry among firms.
• C)the greater the need for a price enforcement mechanism.
• D)the larger the potential number of market segments.

Describe the impact of stress on physical and mental health.

Understand the concept of psychological hardiness and resilience.

Identify and explain Maslow's theory on self-actualization and how it relates to adjustment.

Distinguish between different types of conflicts and their effects on individuals.

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Definitions:

Depreciation Expense

An accounting method used to allocate the cost of a tangible asset over its useful life.

Operating Expenses

Costs associated with running a business's day-to-day activities, excluding the cost of goods sold, such as rent, utilities, and payroll.

Liquidity Ratio

A financial metric used to determine a company's ability to pay off its short-term liabilities with its most liquid assets.

Inventory Turnover

This is a ratio showing how many times a company's inventory is sold and replaced over a period, usually a year, indicating the efficiency of inventory management.