Cutthroat competition is

A) illegal in the U.S.
B) a common form of oligopoly in the U.S.
C) used only as a last resort by large firms.
D) prevalent only in the automobile industry.

Cutthroat Competition

Cutthroat competition refers to a market situation where companies aggressively undercut each other's prices and policies to gain market share, often at the expense of profit margins.

Illegal

Pertains to actions, behaviors, or conditions that are against the law or statutory requirements.

Oligopoly

A market configuration where a few companies have substantial influence over the pricing and competitive landscape.