Patterns of ________ are common in capital-intensive,homogeneous-product industries,where competitors present similar offers to buyers and market shares show high stability.
A) "conscious parallelism"
B) "feature fashion"
C) "covert security analysis"
D) "supply delay"
E) "predatory pricing"

Question

Quizplus · Accepted Answer

Conscious parallelism refers to when competitors in an industry end up making similar business decisions, even though they have not directly coordinated with each other. With capital-intensive, homogeneous-product industries, competitors often face similar cost structures and market conditions, which can lead them to make similar pricing and marketing decisions. This can result in stable market shares and limited price competition, which is consistent with the description in the question.

Patterns of ________ Are Common in Capital-Intensive,homogeneous-Product Industries,where Competitors Present