The duration of the industry life cycle: Group of answer choices Is determined by the longevity of the firms within the industry Typically extends over a century or more Has become compressed as the pace of technological change has accelerated Depends upon the ability the industry to sustain innovation

When consumers discard their gasoline-powered automobiles for electric-powered ones, this partially reflects the of gasoline?

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?

Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.