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QUESTION:

Multiple Choice Question

Simone was the first among her peers to try the new unicorn hair dye. For months she was the only person with unicorn hair. After some time, though, the product became available everywhere, and nearly every other person began sporting unicorn hair, even Simone's mom. This situation describes which of the following?

Multiple choice question.

ANSWER:

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Multiple Choice QuestionYour Answer correct

Simone was the first among her peers to try the new unicorn hair dye. For months she was the only person with unicorn hair. After some time, though, the product became available everywhere, and nearly every other person began sporting unicorn hair, even Simone's mom. This situation describes which of the following?

Multiple choice question.
Reason: 

The shakeout stage of an industry cycle refers to a period when competitors in an industry can no longer compete.

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