The Basic Premise of Industry Analysis Is That

question 15

Multiple Choice

The basic premise of industry analysis is that:

• A)Perfect competition and monopoly are the basic models,most industries lie between these two extremes
• B)The level of profitability within an industry is determined by the systematic influence of the industry structure which determines the intensity of competition in the industry
• C)Industry profitability depends upon the interaction among competing firms
• D)Technology and consumer demand are the basic forces that shape industry structure