ABC Corporation is the sole_provider of a particular service inthe country. The government has-opened the market for another competitor through an anti-monopoly law. What should ABC-do? A. Assess how this would affect the business and determine whether it can improve production processes, lower costs, and improve its service. B. Purchase all available raw materials and prevent the competitor from having smooth operations. C. Identify its rights in the constitution to prevent the new competitor to exist. D. Reduce negative environmental and community impact through corporate social responsibility and persuade the government to not implement the law.
ABC Corporation is the sole_provider of a particular service inthe country. The government has-opened the market for another competitor through an anti-monopoly law. What should ABC-do? A. Assess how this would affect the business and determine whether it can improve production processes, lower costs, and improve its service. B. Purchase all available raw materials and prevent the competitor from having smooth operations. C. Identify its rights in the constitution to prevent the new competitor to exist. D. Reduce negative environmental and community impact through corporate social responsibility and persuade the government to not implement the law.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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ABC Corporation is the sole_provider of a particular service inthe country. The government has-opened the market for another competitor through an anti-monopoly law. What should ABC-do?
A. Assess how this would affect the business and determine whether it can improve production
B. Purchase all available raw materials and prevent the competitor from having smooth operations.
C. Identify its rights in the constitution to prevent the new competitor to exist.
D. Reduce negative environmental and community impact through corporate social responsibility and persuade the government to not implement the law.
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