Which of the following is true?
A) Competitive forces are present even in markets with high barriers to entry.
B) Quality competition is an unimportant element of the competitive process.
C) Profitability and high prices discourage technological change and the development of substitute products.
D) Government regulations have substantially increased the quality of American manufacturing products in recent years.

Question

Quizplus · Accepted Answer

Competitive forces can exist in markets with high barriers to entry because companies within the market still compete with each other, and potential entrants may find ways to overcome these barriers.

Which of the Following Is True