A high-demand industry is the only environment where company profits are not affected by competition.
举一反三
- Competition among firms in an industry can lower prices and profits
- In general, what features should a leading industry have? A: high coefficient of comparative advantage B: high industry correlation C: high demand and income elasticity D: high rate of productivity growth
- According to a market research company, the demand for 5G smartphones in China is not affected seriously by the epidemic.
- According to a market research company, the demand for 5G smartphones in China is not affected seriously by the epidemic. A: 正确 B: 错误
- What problem are the companies facing A: Rising fuel costs B: High staff turnover C: Declining profits D: Increased competition