Solved

An Ideal Competitive Environment from a Profit-Making Standpoint Is When

Question 72

Multiple Choice

An ideal competitive environment from a profit-making standpoint is when:


A) Rivalry is moderate, and high entry barriers and good substitutes do not exist.
B) Rivalry is high, entry barriers are low, and there are many substitutes.
C) Rivalry is high, buyers and sellers have strong bargaining power, and entry barriers are low.
D) Rivalry is moderate, entry and exit barriers are low, and there are many substitutes.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions