More stock trading in the U.S. occurs in over-the-counter markets rather than on organized exchanges

Under which of the following conditions will a low-cost provider strategy likely work?

a. when there are few ways to achieve product differentiation b. when buyers can switch between sellers at low cost c. when products of rival sellers are readily available and essentially identical d. when price competition is particularly low

More competition implies greater divergence on a standard price

Indicate whether the statement is true or false