Question

Home value inc., max cart inc., and nice necessities inc. are three consumer-product retailing companies. their products consist primarily of day-to-day items that are easy to imitate and sell. all three companies use the same resources and capabilities in the production and distribution of their products. which of the following is an implication of the market condition indicated in this scenario?
a. resource immobility of the firms will be low.
b. the industry structure will be far from perfect competition.
c. barriers to entry within the industry will be high.
d. any advantage that one firm has will be short-lived.

Answer 1

Any advantage that one firm has will be short-lived is an implication of the market condition indicated in this scenario

Explanation:

Market conditions at a certain point in time are features and the state of a specific market. The definition of the market situation includes specifying the number of participants on a certain market, the level of competitivity, the total open demand and the growth rate of the industry.

Market conditions apply to the attractiveness (or not) of a company's overall economic. All companies in a sector are influenced by market conditions, while their potential for benefit or to adapt to changes in market conditions differs.