From the viewpoint of a firm, competition can come even from other firms that are not in the same industry.

Name: From the viewpoint of a firm, competition can come even from other firms that are not in the same industry.
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Question

Quizplus · Accepted Answer

Competition can arise from firms in different industries if they produce substitute goods or services, compete for the same customer base, or vie for the same resources, thus affecting market dynamics and competitive strategies.

From the Viewpoint of a Firm, Competition Can Come Even