The amount of output that a firm decides to sell has no effect on the market price in a competitive industry because a. the short-run market price is determined solely by the firm's technology. b. the demand curve for the industry's output is downward sloping. c. the firm's output is a small fraction of the entire industry's output. d. the market price is determined (through regulation) by the government. e. the firm supplies a different good than its rivals.

Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position