1.Which of the following is(are) TRUE? (to receive credit you must select all

1.Which of the following is(are) TRUE? (to receive credit you must select all of the correct answers if there is more than one)

a) Profits tend to be highest during the earliest stages of the industry life cycle

b) Above average growth tends to last a long time such as 12 years

c) Major capital expansion plans are always a good sign of the future of the industry

d) Prices and profits tend to be higher for industries with fewer competitors

e) Firms with wide economic moats tend to sustain high levels of ROIC for a long period of time

f) a) and b)

g) c) and e)

h) d) and e)

i) a) d) and e)