Question 6 (1 point) You are provided with the following information regarding the supply market of a component used in the production of your firm's product or service: Herfindahl index 2015 - 0.33 Herfindahl index 2018 - 0.39 Herfindahl index 2020 = 0.46 From this information, we can infer that supplier power is medium and increasing supplier power is low and increasing supplier power is low and decreasing supplier power is medium and decreasing Question 7 (1 point) A recent internal report calculates that the cross-price elasticity of demand for two products produced by your firm and another firm in the same industry is 3.5. This information supports the view that buyer power is low O the threat of entry is high O the threat of substitutes is high O the threat of substitutes is low Question 8 (1 point) Which of the following is not likely to be a problem for internal rivalry? O High exit barriers O Lack of product differentiation O Fast industry growth O Numerous equally balanced competitors (with similar market shares)