Whenever new firms can easily enter a particular industry, the intensity of competitiveness among firms tends to
A) stay the same.
B) increase.
C) decrease.
D) neutralize.
E) become irrelevant.

Question

Quizplus · Accepted Answer

When new firms can easily enter an industry, it increases the number of competitors, leading to greater competition as firms vie for market share.

Whenever New Firms Can Easily Enter a Particular Industry, the Intensity