Hypercompetition refers to industries in which fierce rivalries exist between existing competitors and innovation occurs at such a pace that any competitive advantage that may exist often disappears quickly..

Question

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Hypercompetition is characterized by rapid and aggressive moves by firms in an industry to gain advantage, leading to a situation where advantages are quickly eroded by the actions of competitors, reflecting the intense rivalry and fast-paced innovation described.

Hypercompetition Refers to Industries in Which Fierce Rivalries Exist Between