When rival firms compete aggressively by trying to attract competitors' customers, this might be an indication of:
A) an industry with low exit barriers.
B) increasing economies of scale.
C) slow industry growth.
D) high bargaining power among buyers.

Question

Quizplus · Accepted Answer

Slow industry growth can lead to aggressive competition as firms try to capture market share from competitors due to limited opportunities for growth in the overall market.

When Rival Firms Compete Aggressively by Trying to Attract Competitors