Social Studies, 12.05.2021 02:50, sammigrace5820
Reginald and Carol are two software engineers at a major technology firm. Believing they have good ideas and the talent to be successful, they decide to leave their jobs and start their own technology company. Their new company is successful in producing a new Internet browsing program, which is more widely used than other programs. How will this affect the job opportunities in the technology market?
A.
Firms in markets for complimentary goods will hire fewer people to meet the demand.
B.
Firms will have to hire more workers to improve the quality of their products.
C.
Firms most likely won't react to the competing product as it shouldn't affect their sales.
D.
Most firms will reduce their employment as they now have to face more competition.
Answers: 2
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Reginald and Carol are two software engineers at a major technology firm. Believing they have good i...
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