In the context of rivalry among firms,the similarity of passenger car tires between different producers has resulted in:
A)high switching costs.
B)establishment of a monopoly.
C)little product differentiation.
D)little need for working capital.

Question

Quizplus · Accepted Answer

The similarity of passenger car tires between different producers indicates that there is little product differentiation in the market. This can make it difficult for firms to distinguish themselves from competitors and can lead to intense price competition.

In the Context of Rivalry Among Firms,the Similarity of Passenger