The Determining Factors of How Calamitous the Decline Phase Turns

question 26

Multiple Choice

The determining factors of how calamitous the Decline phase turns out to be are

• A)the way capacity is dismantled as demand declines, and how dramatic is the decline in demand.
• B)whether a price war breaks out, and how many firms remain.
• C)the actions of foreign competition, and how fast workers can be fired.
• D)how quickly the new industry can ramp up production, and what prices they sell at.

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