Competitive rivalry exists only when:
A)two or more firms establish their domains and do not challenge each other over those domains
B)two or more firms jockey with one another in pursuit of an advantageous market position
C)two or more firms jockey with international firms in pursuit of the world's dominant market position
D)a firm is willing to accept its market position without regard to its competitors' intentions

Question

Quizplus · Accepted Answer

Competitive rivalry exists when two or more firms compete for an advantageous market position. Option A describes coexistence rather than competition, Option C involves international competition, and Option D is about a firm's willingness to accept its position without considering competition.

Competitive Rivalry Exists Only When