question archive Competition is fierce in the soft drink industry
Competition is fierce in the soft drink industry
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Competition is fierce in the soft drink industry. As a result, higher degrees of rivalry results in lower levels of average industry _____. A) cooperation B) dropouts C) losses D) profits
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The answer is C) losses
Because true competition exists, every company within the industry has an opportunity to maximize profits and minimize losses. Additionally, because they are able to compete the chances of them dropping out is low.
