The legal responsibility for the financial cost of another person's losses or injuries is referred to as:
a. theft.
b. liability.
c. assigned risk.
d. collusion.

Happy foods and general grains both produce similar puffed rice breakfast cereals. for both companies, thecost of producing a box of cereal is 45 cents, and it is not possible for either company to lower their productioncosts any further. how can one company achieve a competitive advantage over the other?