As an Industry Becomes Hypercompetitive,firms Initially Respond by

question 20

Multiple Choice

As an industry becomes hypercompetitive,firms initially respond by

• A) raising entry barriers.
• B) moving into untapped markets.
• C) attacking the strongholds of other firms.
• D) competing on cost and quality.
• E) working their way to a situation of perfect competition.

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Definitions:

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A person who resists or defies authority, control, or tradition, often participating in a rebellion against an established government or leadership.

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