Rivalry among firms would tend to be high if
A)There is a small number of firms in the market
B)There is a large number of firms in the market
C)There is only one firm in the market
D)None of the above

Question

​Rivalry among firms would tend to be high if
A)​There is a small number of firms in the market
B)There is a large number of firms in the market
C)There is only one firm in the market
D)​None of the above

Quizplus · Accepted Answer

Rivalry among firms tends to be high in markets with a large number of firms because each firm must compete aggressively for market share, leading to competitive pricing, marketing strategies, and product innovation.

​Rivalry Among Firms Would Tend to Be High If

Rivalry Among Firms Would Tend to Be High If