if the market size is increasing but the number of firms in an industry is decreasing, which of the following stages is the industry likely in?

	A.	Growth
	B.	Maturity
	C.	Decline
	D.	Shakeout

Question 2

C&C has spent a lot of money on Research and Development to develop two ready-to-assemble furniture lines that have been popular in the cabin and cottage market as owners furnish their 'second' (i.e. vacation) homes. Both lines are high quality and very stylish. C&C has invested in national advertising to brand both its "Up-North" and "Painted Cottage" furniture lines, which have been popular with lake, hunting, and ski cabin owners in the Upper Midwest, Pacific Northwest, and New England regions of the U.S. C&C uses a website to reach customers and is able to customize furniture to buyers' specifications. C&C's revenue has steadily grown about 20% each year for the past few years, and its market share has increased rapidly as well.

If C&C is a public company and has its stock listed on New York Stock Exchange as CC, what else data does equity analysts need if they want to determine whether C&C has competitive advantage? If they have the data, how should they further analyze it to find out whether C&C has competitive advantage?