Multiple Choice
Standard Power is a new company in the electrical industry, and with the company's success, it is building a strong reputation. What impact will this company most likely have on the other companies in the electrical industry?
A) Prices and profits will increase.
B) Competition will decrease.
C) Competition will increase and prices and profits will decrease.
D) Competition will decrease and prices and profits will increase.
E) The new company will not have an impact on the other companies.
Correct Answer:
Verified
Correct Answer:
Verified
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