Read lecture and respond | Human Resource Management homework help

  

Respond to the following discussion question. To earn full credit, post a response of 150 words that includes at least 1 APA citation and the associated reference; 

In certain industries, firms buy their most important inputs in markets that are close to perfectly competitive and sell their output in imperfectly competitive markets. Cite as many examples as you can of these types of businesses. Explain why the profits of such firms tend to increase when there is an excess supply of the inputs they use in their production process.