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​Which of the Following Is True According to the IO

Question 4

Multiple Choice

​Which of the following is true according to the IO perspective?


A) ​Industry structure determines firm conduct which in turn determines firms' performance
B) Industry structure determines firm performance which in turn determines firms' conduct
C) Industry conduct determines firm structure which in turn determines firms' performance
D) ​Industry performance determines firm conduct which in turn determines firms' structure

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