Ga firm is operating in the united states with only two other competitors in the industry. a. it is likely this industry would be characterized as: perfectly competitive. monopolistically competitive. pure monopoly. oligopoly. b. firms in this industry will likely earn: a normal profit. an economic loss. an economic profit. c. if foreign firms begin supplying the product, increasing the number of competitors, it is likely that: normal profits will increase. economic profits will increase. economic losses will become smaller. economic profits will fall.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;

answer: b and c

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