Which of the following profiles would best describe an industry having a Pure Product Differentiation strategy as being optimal because firms in the industry have pricing power? Assume all factors are equally important. (Palepu)

	a.	Few Exit Barriers, High First Mover Advantage, Low Product Differentiation
	b.	High Industry Concentration, Low Distribution Access for new entrants, High Switching Costs for Customers of firms in the industry to find new suppliers
	c.	Supply < Demand, High Legal Barriers to Entry, Low Industry Concentration
	d.	Low Industry Concentration, High Fixed-Variable Cost Ratio, Low product differentiation