The relationship between competition and cooperation can be described as follows:
A)Industries either compete or cooperate; if they cooperate they will be investigated by competition bodies
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

Both competition and cooperation can co-exist simultaneously in an industry. Companies may compete with each other for market share, while also cooperating in areas such as research and development, supply chain management, or lobbying for favorable regulations. Cooperation can sometimes enhance competition by enabling participants to share resources, reduce costs, or improve efficiency. Therefore, it is possible for competition and cooperation to exist simultaneously within an industry.

The Relationship Between Competition and Cooperation Can Be Described as Follows