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Industry rivalry tends to be greater and industry profits tend to be lower if the industry has I. High fixed costs II. Equal strength competitors

Industry rivalry tends to be greater and industry profits tend to be lower if the industry has
I. High fixed costs
II. Equal strength competitors
III. Slowing industry growth
IV. High differentiation among firm products
III and IV only
II, III and IV only
I and II only
I, II and III only

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