Which of the following sets of words describes the initial set of actions a firm uses to gain competitive advantage and the other firm's response to it?
A) Tacit collusion, explicit collusion
B) Competition, cooperation
C) Attack, counterattack
D) Cooperation, signaling

Question

Which of the following sets of words describes the initial set of actions a firm uses to gain competitive advantage and the other firm's response to it? 
A) Tacit collusion, explicit collusion 
B) Competition, cooperation 
C) Attack, counterattack 
D) Cooperation, signaling

Quizplus · Accepted Answer

The words "attack" and "counterattack" suggest a competitive context where one firm takes action to gain an advantage and the other responds in kind to protect its position. The other options do not capture this competitive dynamic.

Which of the Following Sets of Words Describes the Initial