Question: In Chapter 5 , competitive dynamics refers to the: Group of answer choices circumstances in which competitors are aware of the degree of their mutual

In Chapter 5, competitive dynamics refers to the:
Group of answer choices
circumstances in which competitors are aware of the degree of their mutual interdependence resulting from market commonality and resource similarity.
ongoing actions and responses among all firms competing within a market for advantageous positions.
ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.
set of competitive actions and competitive responses the firm takes to build or defend its competitive advantages and to improve its market position.

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