International firms will invest in less developed countries at the beginning of their production life cycle, but as production is standardized and sold mainly on prices, they shift production to developed countries. Select one: O True O False

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
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ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
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Chapter2: Fundamental Economic Concepts
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15) International firms will invest in less developed countries at the beginning of their production life cycle, but as production is standardized and sold mainly on prices, they shift production to developed countries.
Select one:
O True
O False

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