Multiple Choice
Which of the following statements is true about rivalry in the context of established companies?
A) It significantly reduces the costs of established companies.
B) It squeezes profits out of an industry.
C) It enables companies to lower their spending on non-price-competitive strategies.
D) It forces companies to reduce prices when it is less intense.
E) It is unaffected by the demand conditions of an industry.
Correct Answer:
Verified
Correct Answer:
Verified
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