The relationship between competition and cooperation can be described as follows:
A)Industries either compete or cooperate;if they cooperate,they are likely to be in breach of competition law
B)Cooperation and competition may exist in an industry,but not at the same time
C)Both can co-exist simultaneously
D)Both can co-exist at the same time,but not in the same industry segment or strategic group

Question

Quizplus · Accepted Answer

Competition and cooperation can coexist in an industry simultaneously. For example, firms may compete with each other to gain market share, but also cooperate by forming strategic alliances to reduce costs or develop new products. This is a common practice in many industries and does not necessarily violate competition laws.

The Relationship Between Competition and Cooperation Can Be Described as Follows