(Last Word) Which of the following was a primary reason why companies such as Apple and Ford faced shortages of computer chips during the pandemic? Multiple Choice Manufacturers of computer chips saw an opportunity for rent-seeking and deliberately reduced production. They tried to exercise power in the market by offering prices to chip manufacturers that were too low.(Last Word) Which of the following was a primary reason why companies such as Apple and Ford faced shortages of computer chips during the pandemic? Multiple Choice Manufacturers of computer chips saw an opportunity for rent-seeking and deliberately reduced production. They tried to exercise power in the market by offering prices to chip manufacturers that were too low. For years they had been producing chips in-house and supply chain problems reduced the inputs available. Manufacturing firms employed "just in time delivery" systems for inputs, so when the pandemic disrupted production and transport, firms couldn't get enough chips