In order to compete successfully, a producer must produce goods that are more expensive than those of competitors.
of a lesser quality than those of competitors.
of a higher quality than those of competitors.
created without worrying about the costs of production.

Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?