In general, compared with firms that compete in only one market, among firms that face one another in multiple markets there is:
A) similar competitive rivalry.
B) less competitive rivalry.
C) more competitive rivalry.
D) no competitive rivalry.

Question

Quizplus · Accepted Answer

Firms that compete in multiple markets often engage in mutual forbearance, leading to less competitive rivalry as they recognize the potential for mutual damage if they aggressively compete in all markets.

In General, Compared with Firms That Compete in Only One