Which of the following profiles would best describe an industry having a Pure Cost Leadership strategy as being optimal? Assume all factors are equally important. (Palepu)

	a.	Low Industry Concentration, Few Legal Barriers to Enter Industry, Low Product Differentiation
	b.	Few Exit Barriers, High First Mover Advantage, Low Product Differentiation
	c.	Supply < Demand, High Legal Barriers to Entry, High Industry Concentration
	d.	Low Industry Concentration, Low Distribution Access for new entrants, Low Switching Costs for Customers to find new suppliers