Which of the following methods of managing competitive interdependencies is most likely to be used by an organization to monopolize an industry and become the sole player in the industry?
A) enter into a cartel
B) enter into a joint venture
C) enter into a merger
D) enter into a long-term contract

Question

Quizplus · Accepted Answer

The most effective method for an organization to become the sole player in an industry is to enter into a merger with its competitors, thereby acquiring their resources and market share. Cartels, joint ventures, and long-term contracts allow for shared profits and resources but do not provide complete control over the industry.

Which of the Following Methods of Managing Competitive Interdependencies Is