Question: In a competitive world, if surviving organizations are using some operating procedure over long periods of time, then it is likely that this procedure is

In a competitive world, if surviving organizations are using some operating procedure over long periods of time, then it is likely that this procedure is yielding benefits in excess of costs. This concept explains about

A. economic Darwinism

B. Managerial economy

C. Micro-economy

D. Macro-economy

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