A(n)_____ arises when two or more enterprises encounter each other in different regional markets,national markets,or industries.
A) monopoly
B) monopsony
C) cartel
D) multipoint competition
E) oligopsony

Question

Quizplus · Accepted Answer

Multipoint competition occurs when two or more companies compete against each other in multiple markets or industries, which can lead to intense rivalries and strategic decision-making. This type of competition can arise due to companies seeking to diversify their revenue streams or expand their market reach. Monopoly, monopsony, cartel, and oligopsony all refer to different forms of market structures and do not necessarily involve competition between multiple enterprises.

A(n)_____ Arises When Two or More Enterprises Encounter Each Other