Rivalry among firms would tend to be highest if a. the industry ...

[fox]

Rivalry among firms would tend to be highest if
 a. the industry is growing quickly
  b. the industry is growing slowly
  c. the industry is shrinking
 d. None of the above

Question 2

The following is not an example of risk aversion
 a. you lock your garage when you have expensive workshop tools
 b. you are more careful when you buy a more expensive car
 c. Individuals tend to gamble more with their money when the future is uncertain
  d. you only go swimming when the lifeguard is on duty

[GCabra]

Answer to Question 1

c

Answer to Question 2

c