Question

Which of the following best describes the
ideals of cutthroat competition?
A. A company selling a product higher than its competitor
B. A business filing for bankruptcy
C. A business doing anything to eliminate their
competition
D. A business donating most of their profits to charity

Answer 1

The best description of the ideals of cutthroat competition is given by C. A business doing anything to eliminate its competition.

What is the cutthroat competition?

Cutthroat competition is the market practice whereby a company engages in destructive or ruinous competition.

In such a case, competition results in prices charged by the cutthroat competitor that may not cover costs of production, especially fixed costs.

The cutthroat competitor does everything in its power, including taking unethical decisions, to eliminate other competitors.

Thus, the best description of the ideals of cutthroat competition is given by C. A business doing anything to eliminate its competition.

Learn more about the cutthroat competition at https://brainly.com/question/26090517