Competition for the market rather than in the market:
A) is the reason why Friendster is no longer the leading social network.
B) explains why Microsoft Word is the leading word processing network.
C) means that Facebook may one day no longer be one of the leading social networks.
D) All of the answers are correct.

Question

Quizplus · Accepted Answer

Competition for the market refers to the idea that companies compete to dominate a market, often leading to a winner-takes-all scenario. This concept explains why Friendster lost its leading position, why Microsoft Word dominates word processing, and why Facebook's dominance could be challenged in the future.

Competition for the Market Rather Than in the Market