Imagine that a friend of yours approaches you and says that they want to open a new business. They tell you that they read the location quotient for the industry they plan to compete in is a $3\mathrm{.}2$ in the area they want to operate. They do not know what that means and they as you to interpret it$.$ Which of the following is the most accurate conclusions?

Group of answer choices

This market is underserved by this industry.

For this industry, there is an average number of firms in this market.

This market is saturated with firms.

This business is gaurenteed to succeed.