Multimarket competitors can respond to a firm's action in any of the markets where the firms meet.

Question

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Multimarket competitors are firms that compete against each other in more than one market. In such a scenario, if one firm takes an action in one market, the other firm can respond by taking action in any of the markets where they compete. This makes it more challenging for firms to gain a competitive advantage as their actions can have a ripple effect across multiple markets.

Multimarket Competitors Can Respond to a Firm's Action in Any