Interindustry competition means that:

A) in oligopolistic industries a few large firms compete with one another in bidding down product price.
B) in some markets the producers of a particular product might face competition from products produced by other industries.
C) firms that sell a product at one stage of production are faced with firms that buy the product at the next stage of production.
D) in most industries there are usually a number of firms producing identical products.

Interindustry Competition

Competition that occurs between companies in different industries or sectors offering substitute goods or services.

Oligopolistic Industries

Market structures characterized by a small number of firms that dominate the industry, leading to competition primarily on factors other than price, such as innovation or advertising.

Product Price

The amount of money required to purchase a good or service, determined by factors such as production costs, demand, and supply.