Which of the following would fall under the definition of cannibalism as it applies to capital budgeting?

If a firm offered a 'low$-$fat' version of a current product and sales of that new product were expected to reduce sales of the current version.

The eating of the flesh of an animal by another animal.

If a competitor were to offer a similar or identical product to one your company already offers and this would lead to reduced sales of your product.

Both $($a$)$ and $($c$)$ are true.

None of the above is true.