Which of the following statements is generally true? A. The degree of rivalry in an industry is largely independent of the number of firms. B. The smaller the number of firms in an industry, the greater the rivalry. C. The larger the number of firms in an industry, the greater the rivalry. D. Rivalry is less the larger the number of firms in an industry.

Which of the following statements is generally true? A. The degree of rivalry in an industry is largely independent of the number of firms. B. The smaller the number of firms in an industry, the greater the rivalry. C. The larger the number of firms in an industry, the greater the rivalry. D. Rivalry is less the larger the number of firms in an industry.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter15: Oligopoly And Strategic Behavior

Section: Chapter Questions

Problem 12P

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