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.

---

Definitions:

Brain Waves

Patterns of electrical activity in the brain, indicative of different states of consciousness, such as wakefulness or sleep.

Positron-Emission Tomography

A diagnostic imaging technique that uses radioactive substances to visualize and measure changes in metabolic processes.

Biochemical Activity

The chemical processes and reactions that occur within living organisms.

Radioactive Element

An element that spontaneously emits radiation as a result of the decay of its atomic nuclei.