Business stealing arises when
A) Some of a new entrant's sales are due to new buyers in the market
B) Some of a new entrant's sales are due to stolen ideas
C) Some a new entrant's sales come at the expense of existing firms, whose sales contract after the new firm enters the market
D) A and B

Question

Quizplus · Accepted Answer

Business stealing occurs when a new entrant in the market takes market share from existing firms, leading to a contraction in their sales. This is different from A, where the new entrant gains sales from new buyers, and B, where the new entrant steals ideas.

Business Stealing Arises When