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Part $1$

When a firm operates in a competitive$$ environment, which of the following is most likely to$$ occur?

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Part $1$

A$.$

A firm will keep overhead low and cut out strategically unimportant spending.

B$.$

A firm will often need to cut its workforce.

C$.$

A firm will most often increase overhead.

D$.$

A firm will create a hostile industry environment.

E$.$

A firm will generate increasingly high profits.