Whenever new firms can easily enter a particular industry,the intensity of competitiveness among firms
A)neutralizes.
B)stays the same.
C)fluctuates.
D)increases.
E)decreases.

Question

Quizplus · Accepted Answer

When new firms can easily enter an industry, the intensity of competitiveness among existing firms increases as new entrants are likely to disrupt the market share of existing firms, leading to increased competition for customers and profits.

Whenever New Firms Can Easily Enter a Particular Industry,the Intensity