All of the Following Are Forces That Create High Rivalry

question 105

Multiple Choice

All of the following are forces that create high rivalry within an industry EXCEPT:

• A) numerous or equally balanced competitors.
• B) high fixed costs.
• C) fast industry growth.
• D) high storage costs.

---

Definitions:

Total Revenue

The total amount of money a firm receives by selling goods or services.

Price Elastic

Describes the responsiveness of the quantity demanded or supplied of a good to a change in its price; high elasticity indicates a significant response to price changes.

More Substitutes

The increase in alternative products or services that can replace or serve as options to a current product.

Demand Is Inelastic

A situation where the quantity demanded of a product changes very little in response to changes in its price.