Question

Firms having few competitive resources are more likely

Answer 1

delay responding to competitive actions.

Answer 2

Firms having few competitive resources are more likely?

Firms having few competitive resources are more likely to delay responding to competitive actions.

Explanation :

When there is a firm in a market whose number of competitors is very less, then it delays in responding to its competitive actions in such a situation. The firm knows that its competitors are few and does not pose any risk in a competitive market. Such firms are more likely to delay in responding to competing actions.

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