The table shows the total revenue of the six firms that make kevlar kayaks. If the U.S. firms in the kayak industry face fierce competition from foreign suppliers, the market *** OA. would collapse because the U.S. firms could not compete with international prices OB. could become a monopoly OC. would definitely become perfectly competitive OD. becomes more competitive Firm Can Do Fleetway Lakeview Crafty Pier 1 Seacraft Industry Total revenue (dollars) 30 40 10 30 60 30 200

The table shows the total revenue of the six firms that make kevlar kayaks. If the U.S. firms in the kayak industry face fierce competition from foreign suppliers, the market *** OA. would collapse because the U.S. firms could not compete with international prices OB. could become a monopoly OC. would definitely become perfectly competitive OD. becomes more competitive Firm Can Do Fleetway Lakeview Crafty Pier 1 Seacraft Industry Total revenue (dollars) 30 40 10 30 60 30 200

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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