When Is the Rivalry Among Existing Competitors in an Industry

question 64

Multiple Choice

When is the rivalry among existing competitors in an industry likely to be more intense?

• A) when the industry growth rate is high
• B) when firms make strategic commitments to compete in an industry
• C) when firms engage in non-price competition as opposed to price-cutting
• D) when the industry has low exit barriers

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Definitions:

Ethyl Alcohol

A colorless, volatile liquid, also known as ethanol, used in alcoholic beverages, as a solvent, and as a fuel.

Sedative-Hypnotic

A category of drugs that depresses the central nervous system, inducing calm (sedation) or sleep (hypnosis).

Benzodiazepine

is a class of drugs primarily used for treating anxiety, but also used in treating seizures and insomnia, by enhancing the activity of certain neurotransmitters in the brain.

LSD

Lysergic acid diethylamide, a powerful hallucinogenic drug that alters perception, feelings, and thoughts.