[Solved] Scenario 16-1

Question 485
Multiple Choice

Scenario 16-1 Suppose the following are the sales for all of the firms in two different industries. img -Refer to Scenario 16-1.Which of the following statements is correct regarding the competitiveness of these two industries?

A) Industry A and Industry B are equally competitive.
B) Industry A is more competitive than Industry B.
C) Industry A is less competitive than Industry B.
D) The competitiveness of these two industries cannot be determined from the information given.

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