Identify a True Statement About the Decline Stage of an Industry's

Multiple Choice

Identify a true statement about the decline stage of an industry's life cycle.

A) The market size of the product increases significantly during this stage.
B) The increasing market growth leads to a decrease in competitive rivalry.
C) Some firms try to minimize competition and consolidate the industry by buying rivals.
D) A standard emerges that signals the market's agreement on a common set of engineering and design features.