CEOs need an understanding of the structure of competition in their industries as business decisions of their firms are to be oriented to competition in their industry.
Joel Dean included the article "The Nature of Competition" by Clair Wilcox in this chapters.
The types of competition discussed in the paper are:
Cutthroat or destructive competition
Predatory or discriminatory competition
Effective or workable competition
Managerial Economics by Joel Dean
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