What Is Rivalry Among Existing Competitors

question 21

Multiple Choice

What is rivalry among existing competitors?

• A) The ability of buyers to affect the price they must pay for an item
• B) The suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services)
• C) High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market
• D) High when competition is fierce in a market and low when competitors are more complacent