As the competitors in an industry become more diverse in terms of their goals,cost structures,and strategies,it is likely that:
A)Their incentives to collude on price increase
B)They will compete more fiercely on price
C)Their products will become increasingly differentiated
D)Mergers,acquisitions and alliances among them will increase

Question

Quizplus · Accepted Answer

When competitors have diverse goals, cost structures, and strategies, it often leads to more intense price competition as each firm tries to leverage its unique strengths and strategies to gain market share.

As the Competitors in an Industry Become More Diverse in Terms