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Which of the following is a feature of the shakeout phase of the industry life cycle? Standards begin to emerge in the industry. Market demand

Which of the following is a feature of the shakeout phase of the industry life cycle?

Standards begin to emerge in the industry.

Market demand in this stage primarily consists of first

-

time adopters.

Firms begin to compete directly against each other.

The mode of competition shifts from price to nonprice in this stage.

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