Identify a True Statement About Competition Among Firms Within an Industry

Multiple Choice

Identify a true statement about competition among firms within an industry.

A) Moves and countermoves do not affect the profit margins of most firms in an industry.
B) Firms' moves and countermoves primarily take the form of sales and promotions.
C) Each move by a firm provokes countermoves among competitors, resulting in a constantly shifting competitive landscape.
D) Competition among firms in an industry is responsible for a significant reduction in motivation toward profitability.