Which of the Following Is NOT an Attribute of an Attractive

question 35

Multiple Choice

Which of the following is NOT an attribute of an attractive industry?

• A) Is young rather than old
• B) Is not crowded
• C) Is late rather than early in its life cycle
• D) Is important to the customer
• E) Is fragmented rather than concentrated

---

Definitions:

Short Run

A period during which at least one of a firm's inputs is fixed, limiting its ability to adjust production levels.

Long Run

A period of time in economics sufficient for all markets to adjust to changes, including the production capacity of the industry.

Price Paid

The actual amount of money exchanged for acquiring a good or service.

Resource Market

A market where raw materials, services, and other inputs required to produce goods and services are bought and sold.