Question : What effect has globalization had the ability of firms to : 7199
What effect has globalization had on the ability of firms to specialize? How has this affected the competitive process?
Globalization increases competition by allowing greater specialization and division of labor.
Globalization does not impact the ability of firms to specialize and has no impact on the competitive process.
Globalization decreases competition by creating monopolistic multinational corporations that operate outside of political control and legal oversight of any single nation state.
Globalization increases competition by giving domestic producers access to foreign markets and foreign producers access to domestic markets, allowing firms to generalize production.