Question: A drastic process innovation Question 1 0 Answer a . none of the others. b . allows the firm with the innovation to set a

A drastic process innovation
Question 10 Answer
a.
none of the others.
b.
allows the firm with the innovation to set a lower price than the competitors.
c.
differs from a minor one in that there is only one firm producing after the innovation.
d.
does not imply an increase in the innovator's profits.

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