Degree of Rivalry Is

question 3

Multiple Choice

Degree of rivalry is

• A)high when excess capacity of existing firms is low.
• B)low when fixed costs of existing firms are high.
• C)high when fixed costs of existing firms are low.
• D)high when fixed costs of existing firms are high.

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Definitions:

Social Class

A division of society based on social and economic status, often influencing one's opportunities, lifestyle, and manner of speaking.

Telethon

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A condition where an individual or family does not have enough resources to meet the basic needs for healthy living, including food, clean water, and shelter.

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