Which of the following is an example of competitive parity?
A) A firm manufactures higher-quality wall clocks than its competitors.
B) A firm provides wall clocks that its consumers value more than other wall clocks.
C) A firm sells wall clocks at a lower price than its competitors.
D) A firm produces a similar number of wall clocks at a similar cost as its competitors.

Question

Quizplus · Accepted Answer

Two or more firms performing at the same level have competitive parity. Therefore, a firm has competitive parity if it produces wall clocks at the same rate as its competitors.

Which of the Following Is an Example of Competitive Parity