Firms competing against each other in several product or geographic markets are engaged in multi- market competition.

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Multi-market competition refers to the situation where firms compete against each other in multiple product or geographic markets. This type of competition is becoming increasingly common as firms expand their operations globally and diversify their product offerings. Multi-market competition can be particularly challenging for firms as they need to allocate resources effectively across different markets and products to remain competitive.

Firms Competing Against Each Other in Several Product or Geographic