________ arises when two or more enterprises encounter each other in different regional markets, national markets, or industries.
A) Comparative advantage
B) Multipoint competition
C) Competitive advantage
D) Economic advantage

Question

Quizplus · Accepted Answer

Multipoint competition arises when two or more enterprises encounter each other in different regional markets, national markets, or industries. Economic theory suggests that firms will try to match each other's moves in different markets to try to hold each other in check. If a firm is successful with this strategy, the firm will ensure that a rival does not take a commanding position in one market and then use the profits generated in that market to underwrite competitive attacks in other markets.

________ Arises When Two or More Enterprises Encounter Each Other