Among competing firms, a firm’s actions are considered strategic substitutes when: group of answer choices an increase in one firm’s action causes the other firm’s optimal reaction to decrease. competing goods are very close substitutes for one another. firms compete on multiple dimensions like price, quantity, and product attributes. one firm’s actions do not trigger a reaction from the other firms. firms compete on the basis of price.

Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production