Step 1: Define niche overlap and competition.
When two species have overlapping ecological niches, they compete for the same resources. Complete niche overlap implies both species rely on identical resources, increasing interspecific competition.
Step 2: Analyze the consequences of complete niche overlap.
Option (A): Incorrect. Complete niche overlap leads to intense resource competition, not the absence of it.
Option (B): Correct. According to the competitive exclusion principle, two species competing for the same resources cannot coexist indefinitely. One species will outcompete the other, potentially leading to extinction.
Option (C): Incorrect. Complete niche overlap implies high competition, not little competition.
Option (D): Correct. If the niches completely overlap, the two species will utilize identical resources, creating direct competition.