Firms with competitors.
A)low; high
B)low; low
C)high; high
D)high; low market commonality and
Resource similarity are direct and mutually acknowledged

Question

Quizplus · Accepted Answer

When firms have high market commonality and resource similarity, they are in a highly competitive market with direct and mutually acknowledged competitors. This means that firms are likely to engage in intense rivalry and strategic actions to gain a competitive advantage, resulting in a high level of competitive intensity. Therefore, the best choice is C, which signifies high market commonality and resource similarity.

Firms with Competitors