Which of the following statements about the competitive environment is FALSE?
A) Competition-free environments are rare.
B) Marketing managers should choose strategies that avoid head-on competition.
C) A firm that has a marketing mix that its target market sees as better than its competitors' has a competitive advantage.
D) Over the long run, most product-markets tend toward monopolistic competition.
E) In a competitor analysis, the firm's first step should be to identify all potential competitors.

Question

Quizplus · Accepted Answer

Over the long run, most product-markets tend toward perfect competition rather than monopolistic competition.

Which of the Following Statements About the Competitive Environment Is