Multidomestic competition is best characterized as a situation where:
A. the competitive arena among rival companies involves several neighboring countries rather than either a single country or the world market as a whole.
B. competition is mainly among the domestic companies of a few neighboring countries (five countries at most).
C. there are extensive trade restrictions, sharply fluctuating exchange rates, and high tariff barriers in many country markets that work against the formation of a true world market.
D. competition among domestic companies predominates and foreign competitors are a minor factor.
E. there is no international or global market, just a collection of mostly self-contained country markets.
Answer: there is no international or global market, just a collection of mostly self-contained country markets.