The rivalry among firms in an industry is __________ when there is fierce competition and ___________ when competition is among fewer firms.

Name: The rivalry among firms in an industry is __________ when there is fierce competition and ___________ when competition is among fewer firms.
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Question

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The first blank should be filled with "high" as fierce competition means strong rivalry, and the second blank should be filled with "low" as fewer firms mean less competition, and therefore, weaker rivalry.

The Rivalry Among Firms in an Industry Is __________ When