Logical Reasoning: “while making profitability analysis of industry we see that exit barrier of firms belonging to an industry reduces profit”. But if a firm wants to exit because of its profitability going down it may not get the permission to do so from

Logical Reasoning: “while making profitability analysis of industry we see that exit barrier of firms belonging to an industry reduces profit”. But if a firm wants to exit because of its profitability going down it may not get the permission to do so from—

A legal authorities

B the syndicate or association

C the customers due to loyalty

D the technical department due to high fixed investment

Solution

Correct Answer: Option D

Solution

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