Business Firms That Compete with Each Other Not Only in One

question 15

Multiple Choice

Business firms that compete with each other not only in one business unit, but in a number of related business units are said to be engaging in

• A) oligopolistic competition.
• B) strategic competition.
• C) multipoint competition
• D) laissez-faire competition.
• E) horizontal competition.

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Definitions:

Evaporation

The process by which water is converted from its liquid form to vapor, typically under the influence of sun and heat.

Limestone Aquifer

An underground layer of water-bearing permeable rock, typically limestone, which can store and yield significant quantities of groundwater.

Permeable

Characteristic of a material that allows fluids or gases to pass through it due to the presence of interconnected pores or spaces.

Nonpermeable

Materials that do not allow fluids to pass through them, preventing the movement of water or other substances.