What is the meaning of the word 'fungible'?
What is the meaning of the word 'fungible'?
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36.?To stay one step ahead of the forces of competition, a firm can adopt any one of these strategies except
- | ?Cost reduction |
- | ?Product differentiation |
- | ?Operating where marginal benefits equal marginal costs |
?-Develop non-fungible valuable resources 37.Which firm in an industry is likely to have higher profits?
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32. âA risk premium is
-âthe difference between the earnings of a low risk asset and a high risk asset
-âpremium paid to a security holder to compensate him for bearing a higher risk â
-both A&B
-ânone of the above
33.âA sudden rise in the market demand in a competitive industry leads to
-âA short run market equilibrium price higher than the original equilibrium |
- | âA market equilibrium higher than the short run price |
- | âSome firms exiting the market |
- | âAll of the above 34.The IO Economics perspective locates the source of competitive advantage for a firm at theâ
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