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The market on similar products or services

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Question

Firms within an industry compete in the market on similar products or services (i.e. automobile manufacture, Online services, etc.). This rivalry can be intense, and the greater the rivalry the greater the threat to each firm's profitability. Therefore, firms that are belonging to the same industry always compete, and never cooperate. Please discuss this statement. Do you agree or disagree. Why?

Reference no: EM132655343

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