ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:Based on the figure below, which one is true about the 'Gym Accessories' industry?
Gym Accessories
500
450
400
Sales (Million)
350
300
250
200
150
100
50
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Year
O In 2007, market growth and rivalry were both low.
O In 2007, market growth was low and rivalry was high
O In 2015, market growth was low and rivalry was high.
O In 2015, market growth and rivalry were both high.
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