Interindustry competition means that
A) in oligopolistic industries, a few large firms compete with one another in bidding down product price.
B) in some markets, the producers of a particular product might face competition from products produced by other industries.
C) firms that sell a product at one stage of production are faced with firms that buy the product at the next stage of production.
D) in most industries, there are usually a number of firms producing identical products.
Correct Answer:
Verified
Q96: Oligopoly is more difficult to analyze than
Q97: Oligopolistic industries are characterized by
A)a few dominant
Q98: Prices are likely to be least flexible
A)in
Q99: The copper, aluminum, cement, and industrial alcohol
Q100: If there are significant economies of scale
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