We know that competitive markets move resources from low value uses to high value uses. Which of

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We know that competitive markets move resources from low value uses to high value uses. Which of these examples illustrate this?

Entrepreneurs will move production from low-profit industries to high-profit industries.

Entrepreneurs will always find the market in which price is the highest and increase production in it.

The invisible hand will always equate prices in the long run.

Firms will always be able to recognize high- and low- value industries simply by looking at their costs of production.

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International Marketing And Export Management

ISBN: 9781292016924

8th Edition

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

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Posted Date: Feb 07, 2024 05:18 AM

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We know that competitive markets move resources from low value uses to high value uses. Which of

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International Marketing And Export Management

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