In the car industry, if a Japanese firm produces more efficiently than their American counterpart, what...
In the car industry, if a Japanese firm produces more efficiently than their American counterpart, what does this means?
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The Japanese government must be subsidizing their industry.
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Japanese production cost is lower. |
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American technology is ahead on innovation. |
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There is a production restriction on American car manufacturers. |
Homework Answers
When it is said that the Japanese firm is more efficient, it means Japan is using its resources in a better and efficient way than its competitors. If this is the case, the cost per car in Japan should be lower than America.
Hence the correct option is
Japanese production cost is lower.
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