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Which of the below best explains the competitive tendencies of small firms?
a. For the reason that they lack legitimacy in the marketplace small firms tend to signal their competitive actions long before they launch those actions.
b. Small firms characteristically have more resources available as they undertake competitive attacks than do large firms.
c. Small firms are more nimble as well as can respond quickly to competitive attacks.
d. All of these.
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Marginal Cost and Optimal Price - The U.S. Cigarette Industry and find What effect will this have on its optimal price?
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