Competitive dynamics refers to the
a. circumstances in which competitors are aware of the degree of their mutual interdependence resulting from market commonality and resource similarity.
b. set of competitive actions and competitive responses the firm takes to build or defend its competitive advantages and to improve its market position.
c. total set of actions and responses taken by all firms competing within a market.
d. ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.
Answer: total set of actions and responses taken by all firms competing within a market.