In which stage of the product life cycle does price decrease as competition increases and inefficient,high-cost firms are eliminated?
A) Growth stage
B) Maturity stage
C) Introductory stage
D) Decline stage

Question

Quizplus · Accepted Answer

In the maturity stage, competition is intense, leading to price decreases as firms try to maintain market share, and inefficient firms are often forced out.

In Which Stage of the Product Life Cycle Does Price