Rivalry Among Existing Competitors Is More When

question 25

Multiple Choice

Rivalry among existing competitors is more when:

• A) fixed costs are low,and marginal costs are high.
• B) exit barriers are low.
• C) industry growth is slow.
• D) the product is not perishable.

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Definitions:

Spinal Cord

Central nervous system organ that extends through the backbone and connects peripheral nerves with the brain.

Peripheral Nerves

Nerves located outside the brain and spinal cord that connect the central nervous system to limbs and organs.

Brain

Central control organ of a nervous system; receives and integrates sensory information, regulates internal conditions, and sends out signals that result in movements.

Voltage-gated Sodium

Channels that open or close in response to changes in membrane potential, allowing sodium ions to enter or exit cells, critical for the generation and conduction of electrical signals in neurons.