Michelin and Goodyear compete against each other not only in the United States, but also all across Europe and Asia. These two tire companies are
A) a monopoly.
B) engaged in cooperation.
C) a cartel.
D) engaged in multipoint competition.
E) an oligopsony.

Question

Quizplus · Accepted Answer

Multipoint competition occurs when two or more companies compete against each other in multiple geographic or product markets, as Michelin and Goodyear do across the United States, Europe, and Asia.

Michelin and Goodyear Compete Against Each Other Not Only in the United