__________ is often a response to high profits earned by established firms and/or rapid growth in an industry.
A) The increased bargaining power of customers
B) The increased rivalry among competitors
C) The increased bargaining power of suppliers
D) The entry of new competitors

Question

Quizplus · Accepted Answer

The entry of new competitors is often a response to high profits earned by established firms and/or rapid growth in an industry, as new entrants seek to capitalize on these lucrative opportunities.

__________ Is Often a Response to High Profits Earned by Established