Industries Where a Decline in Demand Is Most Likely to Cause

Multiple Choice

Industries where a decline in demand is most likely to cause industry-wide losses tend to have the following characteristics:

A) High concentration,lack of product differentiation and scale economies
B) High exit barriers,lack of product differentiation,and a high ratio of fixed to variable costs
C) High exit barriers,lack of product differentiation,and powerful buyers
D) Powerful buyers and suppliers and high exit barriers