The Last Stage of a Hypercompetitive Industry Is Reached When

question 50

Multiple Choice

The last stage of a hypercompetitive industry is reached when the remaining large global competitors

• A) raise entry barriers.
• B) move into untapped markets.
• C) attack the strongholds of other firms.
• D) compete on cost and quality.
• E) work their way to a situation of perfect competition in which no one has any advantage and profits are minimal.

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