Which of the following statements is true about a tough commitment?
A)It is good for competitors
B)It is bad for competitors
C)In Cournot competition,elimination of production facilities is an example of a tough commitment
D)In Betrand competition,a commitment to increase prices is an example of a tough commitment
E)Tough commitments are always in the best interest of a firm

Question

Quizplus · Accepted Answer

A tough commitment is typically bad for competitors as it often involves actions that strengthen a firm's position at the expense of its rivals.

Which of the Following Statements Is True About a Tough