When the costs of supplies increase in an industry, the low-cost leader may: A. continue competing...

When the costs of supplies increase in an industry, the low-cost leader may:

A. continue competing with rivals on the basis of product features.

B. lose customers as a result of price increases.

C. make it difficult for new entrants to the industry to achieve above-average returns.

D. be the only firm able to pay the higher prices and continue to earn average or above- average returns.

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Expert Solution

Rahul Sunny answered 1 year ago

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