The given statement is true.
What is a low-cost firm?
The Low-price price leadership version: within the low-value fee management version, an oligopolistic company has decreased prices than the opposite corporations sets a decreased charge which the opposite corporations need to comply with. For this reason, the low-cost firm becomes the charge leader.
A low-cost manufacturer is a firm within a specific industry with the lowest cost of items sold. value of goods commonly includes fixed and variable charges of manufacturing and logistics, and production and corporate overhead.
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