from gmatprep.
As its sales of computer products have surpassed
those of measuring instruments, the company has
become increasingly willing to compete for the mass
market sales// they would in the past have conceded
to rivals.//
(A) they would in the past have conceded to rivals
(B) they would have conceded previously to their
rivals
(C) that in the past would have been conceded
previously to rivals
(D) it previously would have conceded to rivals in
the past
(E) it would in the past have conceded to rivals
I see "would have done " used in the conditional sentence. I do not see and do not understand the use of "would have done " when this verb form stands alone. Pls, explain the meaning of "would have done" in the above sentence and in general
"would have done" shows a rather certain action in the past (in above sentence) or an unreal in the past (in the conditional sentence). Is that right?