Question: Firm D and Firm S are competitors within the same industry.Firm D produces its product using large amounts of direct labor.Firm S has replaced direct
Firm D and Firm S are competitors within the same industry.Firm D produces its product using large amounts of direct labor.Firm S has replaced direct labor with investment in machinery.Projected sales for both firms are fifteen percent less than in the prior year.Which statement regarding projected profits is true?
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