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Which of the following is typical of an industry with high investment intensity? a Firms operate at or near capacity. b Downward pressure on prices

Which of the following is typical of an industry with high investment intensity?

a

Firms operate at or near capacity.

b

Downward pressure on prices is low when demand slackens.

c

On average, the industry is much more profitable than those with a lower level of investment.

d

The amount of fixed and working capital required to produce a dollar of sales is small.

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