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Q What would be evidence of serious competition between firms in an industry? Identify and discuss two highly competitive industries. Feel free to use newspapers or other media to help you identify these.

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If there exists some serious form of competition among industries then the ultimate result will be the price battle among them. This is because, two of the companies which are selling same kind of products will be going to battle regarding prices and they will end up having profit or losses from the long run perspective. Two of the most competitive industries which can be considered is that of the Dux sports and GoldieBlox. A Dux sport is quite famous in selling of the baseball gears which includes that of the gloves, hats and many more. Baseball is quite a popular one and thus many of the companies do remain in competition against this.