In an Industry,the Rivalry Among Existing Competitors Is High When

question 92

Multiple Choice

In an industry,the rivalry among existing competitors is high when

• A) fixed costs are low and marginal costs are high.
• B) exit barriers are low.
• C) incumbent firms are highly committed to the business.
• D) industry growth is high.

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Definitions:

Inequality

A situation where resources, opportunities, and privileges are distributed unequally among individuals or groups in society.

Discriminatory Treatment

Discriminatory behavior towards various groups of individuals, particularly based on their race, age, or gender.

Matrix of Domination

A socio-political concept that describes how different forms of social oppression interconnect and interact within oppressive systems in society.

Intersectional Health Equity

A framework that addresses health disparities through the lens of overlapping social identities and related systems of oppression.