As an industry matures,its:
A) Growth rate is unchanged
B) Profits are higher
C) Growth rate changes
D) New firms enter

Question

Quizplus · Accepted Answer

As an industry matures, its growth rate tends to slow down because the market becomes saturated and competition increases. Therefore, the growth rate changes. Additionally, new firms may enter the market, but they will face more challenges due to the already established competition, so it is not necessarily true that new firms will enter the industry. Profits may or may not be higher, depending on factors such as market conditions and competition. Therefore, the best answer is C.

As an Industry Matures,its