"What is characteristic of the patronage model of crowdfunders? a. investors are given prizes for their financial support, such as product samples or experiences b. funds are treated as loans c. equity is exchanged for the contribution d. investors provide financial support with no expectation of direct return"

Consider two similar industries, portal crane manufacturing (pcm) and forklift manufacturing (flm). the pcm industry has exactly three incumbents with annual sales of $800 million, $200 million and $100 million, respectively. the flm industry has also exactly three incumbents, with annual sales of $500 million, $450 million and $400 million, respectively. which industry is more likely to experience a higher level of rivalry?