Which of the following is most likely to result in price-based competition in an industry?...

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Accounting

  1. Which of the following is most likely to result in price-based competition in an industry?

A.

Fixed costs in the industry are low

B.

Companies in the industry offer products with unique features

C.

Most customers are more concerned about quality than price

D.

Customers face substantial costs in changing from one supplier to another

E.

The industrys products become obsolete rapidly if not sold

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