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Which typically characterizes an industry in the mature stage of its lifecycle? a. Presence of numerous small firms resulting in oversupply and high rivalry. b.

Which typically characterizes an industry in the mature stage of its lifecycle? a. Presence of numerous small firms resulting in oversupply and high rivalry. b. Quickly growing demand due to many first-time customers. c. Oligopolistic structure, flat demand, and relatively benign competition. d. Shrinking demand due to migration of customers to new industry

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