The Threat of Direct Competition Tends to Be High When

question 74

Multiple Choice

The threat of direct competition tends to be high when

• A) there are few firms in an industry and these firms tend to be unequal in size.
• B) the industry growth rate is higher.
• C) firms are unable to differentiate their products.
• D) production capacity can be added in small increments.

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Definitions:

Nude Figure Studies

Artistic representations focusing on the detailed, anatomically accurate portrayal of the human body without clothing.

Emaciated Bodies

Depictions of extremely thin and weakened bodies, usually resulting from severe malnutrition or illness.

Egon Schiele

An Austrian painter and a protégé of Gustav Klimt, known for his intense expressionistic portraits and self-portraits.

Avant-Garde

French, “advance guard” (in a platoon). Late-19th- and 20th-century artists who emphasized innovation and challenged established convention in their work. Also used as an adjective.