Which of the following represents a group of products that are close substitutes,are available to a common group of buyers,and are distant substitutes for all products not included in the industry?

Question

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An industry represents a group of products that are close substitutes, are available to a common group of buyers, and are distant substitutes for all products not included in the industry. An industry can be defined as a group of firms producing similar products or services that compete with each other. The firms in the industry are likely to share some common characteristics, such as using similar production methods and targeting the same customer base. Examples of industries include the automobile industry, the pharmaceutical industry, and the retail industry.

Which of the Following Represents a Group of Products That