57.4k views
3 votes
What are the three advantages, according to Libemen and Montgomery, that are available to a firm?

User Hhafez
by
8.7k points

1 Answer

5 votes

Final answer:

International agreements, global awareness, and competition drive innovation and improve the economy.

Step-by-step explanation:

Advantages to a Firm

  1. International agreements can serve as a political counterweight to domestic special interests, preventing protectionist measures.
  2. Reductions in trade barriers and improved transportation have made people more aware of global options.
  3. Competition from firms with better or cheaper products can drive innovation and improve a nation's overall economy.

User Aero Wang
by
8.7k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories