Question 1 (1 point) Strategy involves planning for actions rather than reactions or interaction. Question 1 options: True False

Question 2 (1 point) Multimarket competition occurs when firms engage the same rivals in multiple markets. Question 2 options: True False

Question 3 (1 point) Multimarket competitors can respond to a firm's action in any of the markets where the firms meet. Question 3 options: True False

Question 4 (1 point) If an attack is so subtle that rivals are not aware of it, the attacker's objectives are not likely to have been attained. Question 4 options: True False

Question 5 (1 point) If the attacked market is of marginal value, managers may decide not to counterattack. Question 5 options: True False

Question 6 (1 point) The intention to cooperate can take place through signals. Question 6 options: True False

Question 7 (1 point) Industry-based considerations are fundamentally concerned with the very first of the Porter five forces, interfirm rivalry. Question 7 options: True False

Question 8 (1 point) In the prisoners' dilemma, the maximum joint payoff comes if both prisoners confess. Question 8 options: True False

Question 9 (1 point) According to game theory, two competitors who have agreed to cooperate no longer have incentive to cheat. Question 9 options: True False

Question 10 (1 point) The capability to attack in multiple markets throws the firm off balance leaving it vulnerable to rivals and thus reducing value. Question 10 options: True False

Question 11 (1 point) Firms that have a high degree of resource similarity are likely to have similar strengths and weaknesses. Question 11 options: True False

Question 12 (1 point) Under antitrust law, a company can be in trouble for setting prices too high but not for setting them too low. Question 12 options: True False

Question 13 (1 point) Understanding the framework for competitor analysis between a pair of rivals can help managers allocate resources in proportion to the degree of threat from each rival. Question 13 options: True False

Question 14 (1 point) When faced with a competitor that could take away a firm's current customers, the firm should immediately launch a price war. Question 14 options: True False

Question 15 (1 point) Critics of U.S. policy on dumping at least agree that our policy on predatory pricing is consistent both domestically and internationally. Question 15 options: True False

Question 16 (1 point) Thrust makes use of military theory that the attacker needs to overcome a well-defended position through a conventional frontal assault. Question 16 options: True False

Question 17 (1 point) A gambit move can be regarded as exchange of firm's spheres of influence. Question 17 options: True False

Question 18 (1 point) To reduce competitive intensity, firms can send an open signal for a truce. Question 18 options: True False

Question 19 (1 point) Rivals within strategic alliances can legally reduce cost through price fixing. Question 19 options: True False

Question 20 (1 point) MNEs may chase each other, not to compete but to seek mutual forbearance through multimarket contact. Question 20 options: True False

Question 21 (1 point) A firm's choice of competing/cooperating with rivals depends on industry conditions and the nature of competitive assets. Question 21 options: True False

Question 22 (1 point) A blue ocean strategy often leads to a destructive price war. Question 22 options: True False

Question 23 (1 point) Antitrust laws were mostly created primarily in response to the realities of domestic competition. Question 23 options: True False