Multipoint competition refers to the situation where a firm competes against another firm in ________.

Question

Quizplus · Accepted Answer

Multipoint competition refers to the situation where a firm competes against another firm in multiple markets or businesses. Therefore, option A is the correct choice. Option B is incorrect as price discounts may not necessarily constitute competition between firms. Option C is incorrect as it refers to a single domestic market which is not the definition of multipoint competition. Option D is incorrect as developing new technologies is related to innovation and not necessarily competition between firms.

Multipoint Competition Refers to the Situation Where a Firm Competes