Intensified rivalry within an industry results in:
A) increased hiring across the industry.
B) increased total revenues across the industry.
C) decreased average profitability across the industry.
D) increased entries into the industry.

Question

Quizplus · Accepted Answer

Intensified rivalry typically leads to price wars, increased marketing costs, and other competitive actions that reduce the average profitability of firms within the industry.

Intensified Rivalry Within an Industry Results In