Which of the Following Takes Place When an Industry Matures

question 15

Multiple Choice

Which of the following takes place when an industry matures?

• A) It forces more efficient producers to increase prices to gain market share.
• B) It forces the producers to substitute skilled craft work with cheaper labor.
• C) It results in less standardized production methods thus forcing employers to hire low skilled labor.
• D) It gets dominated by relatively few firms and the less dominant either mimic the leader or occupy niches.

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Definitions:

Medullary Cavity

The central cavity of bone shafts where red bone marrow and/or yellow bone marrow (fat) is stored.

Bone-Forming Cells

Cells known as osteoblasts that are responsible for the synthesis and mineralization of bone during both initial bone formation and later bone remodeling.

Ossification

The process of bone growth.

Endochondral

A type of ossification in which bones start out as cartilage models.